Intraday Trading Highlights
On 2 Feb 2026, UPL Ltd., a key player in the Pesticides & Agrochemicals industry, recorded a strong intraday rally. The stock touched a peak of Rs 706.9, representing a 6.24% rise from its previous close. By the end of the trading session, UPL closed with a 5.2% gain, outperforming the Pesticides & Agrochemicals sector, which advanced by 2.73%, and the Sensex, which rose 1.17%.
This surge marked a reversal in the stock’s short-term trend, as it gained after two consecutive days of decline. The intraday momentum was supported by active trading volumes and a positive market environment, with the Sensex recovering sharply from an initial negative opening of -167.26 points to close 1,110.78 points higher at 81,666.46.
Market Context and Sector Performance
The broader market environment on 2 Feb 2026 was characterised by a sharp recovery in the Sensex, which, despite opening lower, managed to close with a 1.17% gain. Mega-cap stocks led this rally, providing a supportive backdrop for mid-cap stocks like UPL Ltd. The Pesticides & Agrochemicals sector itself gained 2.73%, indicating sector-wide strength that complemented UPL’s individual performance.
Despite the positive price action, UPL Ltd. remains trading below its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This suggests that while the stock showed strong intraday momentum, it is still navigating a broader downtrend in the medium to long term.
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Performance Metrics and Historical Comparison
UPL Ltd.’s 1-day gain of 5.20% significantly outperformed the Sensex’s 1.17% rise. However, the stock’s recent performance over longer periods shows mixed results. Over the past week, UPL declined marginally by 0.33%, compared to a 0.16% gain in the Sensex. The 1-month performance reveals a sharper decline of 12.97% for UPL versus a 4.78% drop in the Sensex, indicating some pressure in the short term.
Over three months, UPL’s performance (-2.81%) closely mirrors the Sensex (-2.71%). On a 1-year basis, UPL has outperformed the Sensex with a 15.83% gain against 5.37%. Year-to-date, however, UPL is down 11.92%, lagging the Sensex’s 4.17% decline. Longer-term returns over three, five, and ten years show UPL delivering 0.57%, 23.56%, and 152.66% respectively, compared to the Sensex’s 36.26%, 64.00%, and 232.80% gains.
Mojo Score and Rating Update
UPL Ltd. currently holds a Mojo Score of 72.0, with a Mojo Grade of Buy as of 20 Jan 2026, following a downgrade from a previous Strong Buy rating. The Market Cap Grade stands at 2, reflecting its mid-cap status within the Pesticides & Agrochemicals sector. This rating adjustment aligns with the stock’s recent price action and trend dynamics.
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Trading Action and Market Sentiment
Trading activity in UPL Ltd. on 2 Feb 2026 was characterised by a strong rebound from recent lows. The stock’s ability to outperform both its sector and the broader market on a day when the Sensex recovered sharply after a negative start highlights its resilience in intraday trading. The sector’s gain of 2.73% provided a favourable environment, while the Sensex’s recovery from a 167.26-point drop to a 1,110.78-point rise underscored a broadly positive market sentiment.
Despite the positive intraday momentum, UPL’s position below all major moving averages indicates that the stock remains in a corrective phase on a technical basis. Investors and traders may note the significance of today’s high of Rs 706.9 as a potential resistance level in the near term.
Summary of Key Data Points
UPL Ltd. (Stock ID: 947027) operates in the Pesticides & Agrochemicals sector and currently holds a Mojo Score of 72.0 with a Buy rating. The stock’s market cap grade is 2, reflecting its mid-cap classification. On 2 Feb 2026, UPL outperformed the sector by 2.98% and the Sensex by 4.03% in 1-day performance. The stock’s intraday high of Rs 706.9 represents a 6.24% increase, closing the day with a 5.2% gain.
The broader market context featured a Sensex recovery to 81,666.46 points, up 1.17%, led by mega-cap stocks. UPL’s recent trend reversal after two days of decline and its current trading below all major moving averages provide a nuanced picture of its technical positioning.
Conclusion
UPL Ltd.’s strong intraday performance on 2 Feb 2026, marked by a 5.2% gain and an intraday high of Rs 706.9, stands out in the Pesticides & Agrochemicals sector and the broader market. The stock’s rebound after consecutive declines and its outperformance relative to sector and benchmark indices highlight significant trading momentum. However, its position below key moving averages suggests that the stock remains in a phase of technical consolidation.
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