Karvy Stock Broking Limited has maintained ‘Buy’ rating on United Phosphorus Ltd stock to achieve an intraday target of Rs 184.

According to Karvy, interested traders can buy the stock between Rs 173-175 with a strict stop loss of Rs 171.

If the stock market remains on positive track, the stock pricing becomes more attractive, and reach above Rs 186.
 
Shares of the company, on Wednesday (June 03), closed at Rs 175.15 on the Bombay Stock Exchange (BSE). Current EPS and P/E of the stock stood at 7.54 & 22.79 respectively.
The share price has seen a 52-week high of Rs 185 and a low of Rs 65.13 on BSE.

Incorporated in1969, United Phosphorus Limited (UPL) is a top global manufacturer of crop protection products, intermediates, specialty chemicals and other industrial chemicals.

Being the leading maker of agrochemicals in the country, UPL provide a broad variety of products comprising insecticides, Fungicides, Herbicides, Fumigants, PGR and Rodenticides.

The company has its presence in every continent with a customer base in 86 nations. The company ranks amongst the top 5 post- patent agrochemical makers allthrough the world.

The company has its own divisions in Mauritius, Mexico, Argentina, Spain, Taiwan, France, Vietnam, Bangladesh, USA, Brazil, China, Korea, Canada, Australia, Denmark, South Africa, Indonesia, Japan, New Zealand, Russia, Argentina, United Kingdom, Hong Kong & Zambia.