UPL gets "gazetted"

UPL is today among the top five losers on the BSE. In fact, for the past three days, the stock has been in the red, losing some 9%. Today, it touched an intraday low at 344.35, down over 8%. Its 10% LC for today is at Rs.338.10.

Along with UPL, almost the entire fertilizer clan is down as the government has issued gazette notification of a draft order banning 27 pesticides.

It has given 45 days for the industry and companies to come back with any objection or suggestion which will be considered by the Govt.

This proposed ban is owing to the likely risk to human beings & animals.