COMPANY NAME- UNITED PHOSPHOUROUS

RECOMMENDATION- BUY AROUND 130-140
TARGET- 180, 200
POTENTIAL RETURN- 30 TO 40 %

COMPANY BASIC INFORMATION

ISIN Id  – INE628A01036
BSE Id  – 512070
NSE Id  – UNIPHOS
INDUSTRY – Chemicals
Market Cap  – 6,542.90
Book Value  – 41.35
Price/Book  – 3.60
Face Value  – 2.00
P/C  – 33.68
Div (%) – 75.00
Div Yield (%) – 1.01
P/E – 62.02
EPS – 2.40

STOCK PRICE HISTORY

All Time High  – 1015.00
All Time Low – 71.50
52 Week High – 185.35
52 Week Low – 71.50

Recommendation-

United Phosphorous was under an intermediate trend  which exactly in the opposite direction of the major uptrend. This  correction  qualified as an intermediate one , both in terms for price (more than 20% and time (more than 3 weeks) and in this due course price corrected from 180 to below 140 levels. Finally the price found the support at the older tentative trend line (which turned out to be a valid trend line now).We expect the stock to move in this fresh channel now for next few months and hence recommend a Buy on the counter around these levels with a closing stop loss below 125 , for a target of 180-200.