Madhavi Vora of ULJK Securities is of the view that United Phosphorous is a good investment stock.
Vora told, "India is agro based economy and such stocks like this could be good investment stock. It is in the sector of pesticides and agro chemicals and it's a largest player as far as agro chemical is concerned in India and amongst the top fine generics. So I also feel that there take over of the Duponge business funguses as such will strengthen its position in other areas as well such as fruits, nuts and row crops. Again through the UK subsidiaries they have taken 100% stake in Ikona, Argentina and Argentina being good market for commodity prices they could have a very good profitability. You could definitely see a price target of Rs 400. This is more of an investment quality stock than a trading stock."
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