UPL Ltd. Hits Intraday Low Amid Significant Price Pressure on 23 Feb 2026

Intraday Performance and Price Movement

UPL Ltd., a key player in the Pesticides & Agrochemicals sector, experienced a notable intraday decline on 23 Feb 2026. The stock opened with a gap down of 3.15%, signalling immediate selling pressure from the outset. Throughout the day, the share price fluctuated with high volatility, registering an intraday volatility of 78.59% based on the weighted average price. The stock ultimately touched a low of Rs 690.1, marking an 8.2% drop from the previous close.

This decline represents a significant underperformance relative to the sector, which itself fell by 2.13% on the day. UPL’s day change stood at -9.25%, underperforming the sector by 6.65%. The stock’s performance contrasts sharply with the broader market, where the Sensex gained 0.76%, climbing 535.40 points to close at 83,442.23.

Recent Trend and Moving Averages

The current session’s weakness extends a recent negative trend for UPL Ltd. The stock has declined for two consecutive trading days, losing 9.35% over this period. This short-term downtrend is compounded by the stock trading below all key moving averages — the 5-day, 20-day, 50-day, 100-day, and 200-day averages — indicating sustained downward momentum across multiple timeframes.

Such positioning below moving averages often signals continued pressure from technical traders and may reflect broader market sentiment towards the stock. The persistent weakness contrasts with the Sensex, which, despite trading below its 50-day moving average, benefits from mega-cap leadership and remains only 3.26% shy of its 52-week high of 86,159.02.

Sector and Market Context

The Pesticides & Agrochemicals sector, to which UPL belongs, has faced moderate pressure, declining 2.13% on the day. This sectoral weakness, however, is less severe than UPL’s own decline, suggesting company-specific factors may be contributing to the sharper fall.

Meanwhile, the broader market environment remains positive, with the Sensex advancing steadily. Mega-cap stocks are leading the gains, supporting the index’s 0.76% rise. This divergence between UPL’s performance and the overall market highlights the stock’s relative weakness amid a generally buoyant environment.

Performance Across Time Horizons

Examining UPL Ltd.’s performance over various timeframes reveals a pattern of underperformance relative to the Sensex. Over the past day, UPL’s share price fell 9.85%, while the Sensex gained 0.80%. The one-week return for UPL is -7.65%, compared to a modest 0.24% rise in the Sensex. Over one month, UPL declined 3.50%, whereas the Sensex advanced 2.38%.

Longer-term figures also show UPL lagging the benchmark. Over three months, the stock is down 9.72% versus the Sensex’s 2.06% loss. Year-to-date, UPL has fallen 14.72%, significantly underperforming the Sensex’s 2.05% decline. Even over a one-year horizon, UPL’s 4.88% gain trails the Sensex’s 10.84% rise. The three-year and five-year returns further illustrate this trend, with UPL posting -9.03% and 19.63% respectively, compared to the Sensex’s 40.05% and 67.79% gains.

Despite this relative underperformance, UPL’s ten-year return remains robust at 158.47%, though still below the Sensex’s 256.58% over the same period.

Mojo Score and Rating Update

UPL Ltd. currently holds a Mojo Score of 71.0, reflecting a positive overall assessment of the company’s fundamentals and technicals. The stock’s Mojo Grade was upgraded from Hold to Buy on 19 Feb 2026, indicating an improved outlook as per MarketsMOJO’s evaluation framework. Despite this upgrade, the recent price action suggests that market participants are currently applying downward pressure on the stock.

The company’s Market Cap Grade stands at 2, which places it in a moderate category relative to its peers. This grading, combined with the recent volatility and price declines, underscores the complex dynamics influencing UPL’s share price in the current market environment.

Technical Indicators and Volatility

UPL’s trading below all major moving averages signals a bearish technical stance. The 5-day, 20-day, 50-day, 100-day, and 200-day moving averages all lie above the current price level, suggesting resistance overhead and limited short-term support. The high intraday volatility of 78.59% further emphasises the unsettled trading conditions, with wide price swings reflecting uncertainty among traders.

This volatility may be contributing to the stock’s inability to stabilise, as investors react to both sectoral pressures and company-specific developments. The contrast with the broader market’s positive momentum highlights the stock’s relative weakness on this trading day.

Summary of Market Sentiment

Overall, UPL Ltd.’s share price decline to an intraday low of Rs 690.1 on 23 Feb 2026 reflects a combination of sectoral headwinds, technical weakness, and heightened volatility. The stock’s underperformance relative to the Pesticides & Agrochemicals sector and the broader Sensex index indicates that it is facing immediate price pressure despite a generally positive market backdrop.

While the broader market, led by mega-cap stocks, continues to advance, UPL’s share price remains under strain, trading below key moving averages and exhibiting significant intraday swings. This environment suggests cautious sentiment among market participants towards the stock at present.

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