( Recommended in SAKAL NEWS PAPER. Arthvishwa ) : 25th May 2009
United Phosphorus Ltd ( UPL ) : Rs 163.70
Notable Observes :
- UPL is a leading global producer of crop protection products, intermediates, specialty chemicals and other industrial chemicals.
- UPL has its presence across value added Agri inputs ranging from seeds to crop protection and post harvest activity.
- (UPL) is in the business of Manufacturing and Marketing of Caustic Chlorine, White Phosphorus, Industrial Chemicals, Speciality Chemicals and Captive Power Generation of 48.5 MW.
- The Company offers a wide range of products that includes insecticides, Fungicides, Herbicides, Fumigants, PGR and Rodenticides.
- UPL has 21 manufacturing sites (9 in India, 4 in France, 2 in Spain, 1 each in UK, Vietnam, Argentina, Netherlands, Italy, China) having close support from on-site technical services and quality control.
Share Holding Pattern :
- Promoters : 27.98 %
- Public : 71.97%
Financial Highlights :
- The Company has posted a net profit after tax of Rs 147.74 Crore for the year ended March 31, 2009 as compared to Rs 91.91 Crore for the year ended March 31, 2008.
- Income has increased from Rs 1644.68 Crore for the year ended March 31, 2008 to Rs 2580.64 Crore for the year ended March 31, 2009.
Technical Overview :
- The stock On Weekly Chart has given an "Inverted Head & Shoulder Breakout" with huge volumes,indicating the stock to outperform in short term.The stock is recommended to buy cmp Rs 163.70 with Short term view.
Support Levels :
- Support 1 : 152
- Support 2 : 138
Stoploss : 126 on closing basis.
Targets :
- Target 1 : 186
- Target 2 : 221
- Target 3 : 257
Period : 3 to 4 months.