Anu Jain of Omniscient securities is of the view that one can hold United Phosphorous.
Jain told, "United Phosphorous is one of those counters, which against the market falls has been posting higher highs and there has been a fair amount of delivery, based buying which is giving. Though the charts are showing a target of Rs 400 this looks to be far ahead of Rs 400. It's given a 50% return of investment last year and I think it may even beat that this year. So I feel it's a definite hold. As for buying one should wait for a dip as there may be a dip because when a script moves up a little first then there may be a consolidation phase where one can pick it up it's a definitely add on then."
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