Intraday Trading Highlights
UPL Ltd. opened the trading session with a notable gap up of 3.8%, signalling early bullish sentiment among market participants. The stock continued to gain traction throughout the day, eventually touching its peak at Rs 753.75, representing a 7.77% increase from the prior close. By the end of the session, UPL recorded a day change of 5.84%, outperforming the Pesticides & Agrochemicals sector, which itself gained 3.84% on the day.
This strong intraday surge contributed to UPL’s outperformance relative to the Sensex, which closed down by 2.68% after an initial gap up of 3,656.74 points. Despite the broader market losing momentum, UPL maintained positive momentum, closing with a 4.36% gain versus the Sensex’s 2.62% rise on a one-day basis.
Technical Positioning and Moving Averages
From a technical perspective, UPL’s price remains above its 5-day, 100-day, and 200-day moving averages, indicating underlying strength in the short and long term. However, it is still trading below its 20-day and 50-day moving averages, suggesting some resistance in the medium term. This mixed moving average positioning highlights a nuanced technical setup where short-term momentum is strong but medium-term consolidation may be underway.
Over the past two trading days, UPL has recorded consecutive gains, accumulating a 10.31% return in this period. This recent rally contrasts with the stock’s one-month performance, which shows a decline of 9.24%, indicating a potential reversal or correction phase in the short term.
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Sector and Market Context
The Pesticides & Agrochemicals sector, to which UPL belongs, recorded a solid gain of 3.84% on the day, supported by positive trading across key constituents. UPL’s outperformance by 0.72% relative to its sector underscores its leadership within the industry on this trading session.
Meanwhile, the broader market environment was mixed. The Sensex, after opening sharply higher by 3,656.74 points, retreated by 1,466.20 points to close at 83,857.00, down 2.68%. The index remains 2.75% below its 52-week high of 86,159.02. Notably, the Sensex is trading below its 50-day moving average, although the 50-day average itself remains above the 200-day average, indicating a longer-term uptrend despite short-term volatility.
Performance Comparison Over Various Timeframes
Examining UPL’s performance relative to the Sensex over multiple time horizons reveals a mixed picture. On a one-week basis, UPL gained 1.78%, slightly underperforming the Sensex’s 2.38% rise. Over one month, UPL declined by 9.24%, significantly lagging the Sensex’s 2.28% fall. The three-month performance shows near parity with a marginal 0.03% decline versus the Sensex’s 0.21% drop.
Longer-term returns remain positive for UPL, with a 15.85% gain over one year compared to the Sensex’s 8.57%. However, year-to-date figures show UPL down 8.15%, underperforming the Sensex’s 1.66% decline. Over three and five years, UPL’s returns of 1.93% and 30.83% respectively lag the Sensex’s 37.74% and 66.75%. The ten-year performance remains strong at 168.35%, though below the Sensex’s 245.96% gain.
Mojo Score and Rating Update
UPL currently holds a Mojo Score of 67.0, categorised as a Hold grade. This represents a downgrade from its previous Buy rating, which was changed on 20 Jan 2026. The stock’s Market Cap Grade stands at 2, reflecting its mid-cap status within the Pesticides & Agrochemicals sector. These metrics provide a quantitative assessment of the stock’s quality and market standing as of the latest evaluation.
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Summary of Trading Action
UPL’s strong intraday performance on 3 Feb 2026 was characterised by a significant gap up opening, sustained buying interest, and a peak price of Rs 753.75, marking a 7.77% rise intraday. The stock’s ability to outperform both its sector and the broader market amidst a volatile Sensex session highlights its relative strength on this trading day.
While the stock remains below some medium-term moving averages, its position above key short- and long-term averages suggests a complex technical picture with momentum favouring the bulls in the immediate term. The recent two-day rally adding over 10% returns further emphasises the current positive trading sentiment.
Overall, UPL’s price action on this day reflects a notable intraday surge driven by market dynamics within the Pesticides & Agrochemicals sector and broader market fluctuations.
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