Stocks

UPL hits two-week low; chart suggests more downside

Reuters Mumbai | Updated on May 07, 2019 Published on May 07, 2019

Shares of agrochemicals maker UPL Limited fell as much as 1.66 per cent to Rs 934.05, their lowest since April 23.

The stock broke below a support at Rs 947.93. It also broke below its 20-day exponential moving average

This suggests that in a couple of days the stock of UPL Ltd may test the next support at Rs 918.27.

The stock was up 25.3 per cent this year as of last close and is so far the best performer among the NSE Index's constituent members.

Published on May 07, 2019
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