UPL gains on collaborating with Oro Agri

17 Aug 2022 Evaluate

UPL is currently trading at Rs. 791.85, up by 3.40 points or 0.43% from its previous closing of Rs. 788.45 on the BSE.

The scrip opened at Rs. 785.00 and has touched a high and low of Rs. 793.20 and Rs. 784.20 respectively. So far 12427 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 848.00 on 04-May-2022 and a 52 week low of Rs. 607.80 on 23-Jun-2022.

Last one week high and low of the scrip stood at Rs. 804.15 and Rs. 760.40 respectively. The current market cap of the company is Rs. 59305.51 crore.

The promoters holding in the company stood at 28.96%, while Institutions and Non-Institutions held 52.90% and 10.94% respectively.

UPL has collaborated with Oro Agri, a Rovensa company, for the co-distribution and further development of Orange Oil, a biosolution effective against a wide range of pests and diseases. Orange Oil was developed by Oro Agri as a residue free biosolution with fungicidal, insecticidal, and acaricidal functions, as well as excellent adjuvant properties. Already registered in over 30 countries and with more than 140 crop and pest combinations, Orange Oil now joins Natural Plant Protection – NPP’s biosolutions portfolio, further enabling farmers to embrace more sustainable agriculture.

From 2023, UPL will co-distribute Oro Agri’s 60 g/L solo Orange Oil bioprotection formulation. Oro Agri will continue to supply existing customers directly while UPL will use its global distribution network to access new markets and build a wider customer base. UPL and Oro Agri will also collaborate to develop, register and market new and existing Orange Oil formulations to offer growers around the world access to the latest, most effective, and sustainable crop protection biosolutions. The agreement is part of UPL’s OpenAg commitment to build a collaborative global network within the industry and beyond.

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.

UPL Share Price

599.45 -5.85 (-0.97%)
04-Oct-2024 16:01 View Price Chart
Peers
Company Name CMP
UPL 599.45
BASF India 8215.95
PI Industries 4585.55
Bayer CropScience 6641.70
Sumitomo Chemical India 551.45
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