Technical analyst Sarabjit Kour Nangra of Angel Broking has maintained 'buy' rating on United Phosphorous Limited stock.

According to analyst, the stock can be purchased to achieve a short term target of Rs 198.

Today, the stock of the company opened at Rs 138.30 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 219.70 and a low of Rs 131 on BSE.

Current EPS & P/E ratio stood at 12.01 and 11.36 respectively.

United Phosphorus Limited (UPL), the country's largest agrochemical firm, announced that it will get hold of a 50% equity stake in Sipcam Isagro Brazil for an undisclosed sum.

UPL will purchase the equity stake from Isagro, which presently possesses 50% in Sipcam's Brazil division.

Sipcam Isagro Brazil is a JV between two Italian companies including Sipcam-Oxon group and Isagro.

Both the firms have inked a deal under which Isagro will get out of the JV and UPL will unite with 50% equity stake.

"The deal size is being pegged around $600 million or 2,700 crore," said a person near to the development.

The transaction is likely to be concluded within a period of one month and the acquirement will be financed mainly via internal accrual, as the firm has sufficient amount of cash in hand.