Expect UPL to touch Rs 217: Daljeet Kohli

Daljeet Kohli of India-Nivesh Securities told CNBC-TV18, "We have a target price of Rs 217 in UPL. Monsoon is one reason, but main reason for them is that they are so well diversified, they are available in 40 countries across the world. Everywhere this time the good part is that they have got weather which is in favour of them and therefore the demand is good for them everywhere."

At 14:44 hrs UPL was quoting at Rs 187, down Rs 1.75, or 0.93 percent. It has touched a 52-week high of Rs 193.75.

The share touched its 52-week high Rs 190.50 and 52-week low Rs 113.30 on 23 December, 2013 and 01 April, 2013, respectively. Currently, it is trading 1.84 percent below its 52-week high and 65.05 percent above its 52-week low. Market capitalisation stands at Rs 8,276.70 crore.