Tuesday, 8 September 2009

Buy United Phosphorous, target of Rs 225: Sharekhan

Sharekhan has maintained its buy rating on United Phosphorous with a target of Rs 225 in its September 7, 2009 research report.

"We have fine-tuned our earnings estimates to factor in the details from the annual report of the company. At the current market price the stock trades at 11.0x and 9.1x its FY2010E and FY2011E earnings respectively. We maintain our 'Buy' recommendation on the stock with the price target of Rs 225," says Sharekhan's research report.

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