UPL gained 2.22% to Rs 715.65 at 13:45 IST on BSE after the company said that its wholly-owned subsidiary, UPL Corporation approved the proposal to launch an offering of US dollar denominated senior unsecured notes.
The announcement was made during market hours today, 26 February 2018.The notes are proposed to be listed on the Singapore Stock Exchange.
Meanwhile, the BSE Sensex was up 290.18 points, or 0.85% to 34,432.33.
On the BSE, 82,103 shares were traded in the counter so far compared with an average volume of 1.56 lakh shares in the past one quarter. The stock had hit a high of Rs 716.10 and a low of Rs 706.50 so far during the day. The stock had hit a record high of Rs 902 on 1 August 2017. The stock had hit a 52-week low of Rs 675.10 on 22 February 2018.
The stock had underperformed the market over the past one month till 23 February 2018, falling 13.22% compared with the Sensex's 5.53% fall. The scrip had also underperformed the market over the past one quarter declining 6.58% as against the Sensex's 1.65% rise. The scrip had also underperformed the market over the past one year dropping 2.55% as against the Sensex's 18.17% rise.
The large-cap company has an equity capital of Rs 101.67 crore. Face value per share is Rs 2.
UPL's consolidated net profit rose 25.3% to Rs 579 crore on 7% rise in net sales to Rs 4194 crore in Q3 December 2017 over Q3 December 2016.
UPL is the largest Indian multinational agrochemical company and is engaged in research, manufacturing, marketing, sales and distribution of agrochemicals and specialty chemicals across the globe.
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