UPL rises on planning to launch new insecticides in India
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UPL is currently trading at Rs. 746.60, up by 11.75 points or 1.60% from its previous closing of Rs. 734.85 on the BSE.
The scrip opened at Rs. 735.90 and has touched a high and low of Rs. 750.75 and Rs. 727.10 respectively. So far 35666 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 862.70 on 09-Jun-2021 and a 52 week low of Rs. 625.00 on 24-Feb-2022.
Last one week high and low of the scrip stood at Rs. 782.15 and Rs. 727.10 respectively. The current market cap of the company is Rs. 56100.42 crore.
The promoters holding in the company stood at 28.45%, while Institutions and Non-Institutions held 53.10% and 10.72% respectively.
UPL is planning to launch new insecticides in India containing the patented active ingredient Flupyrimin to target the most damaging rice pests. The launch will coincide with the Kharif crop sowing season, typically starting in June, with rice the most important crop sown at this time.
Flupyrimin is a novel insecticide with unique biological properties and residual control, effective against major rice pests such as brown plant hopper (BPH) and yellow stem borer (YSB). Extensive demonstration trials have shown that Flupyrimin protect rice yields from YSB & BPH damage and boost crop health, further supporting farmers’ economic resilience and productivity. Flupyrimin is also effective on pest populations resistant to existing insecticides.
UPL is global player of crop protection products has customer base in 123 countries. It has subsidiary offices in Argentina, Australia, Bangladesh, Brazil, China, Canada, Denmark, Indonesia, France, Hong Kong, Japan, Korea, Mauritius, Mexico, New Zealand, Russia, Spain, Taiwan, South Africa, USA, UK, Vietnam and Zambia.
