In its latest research report, Nirmal Bang, an equity research firm said that United Phosphorus can give good returns in the short term.

According to Nirmal Bang Research, interested traders can buy the stock with a strict stop loss of Rs 160.

The report also stated that, if the counter is successful to breach 175, then it will hit a target of Rs 210.

Today (Sep 08), the shares of the company opened at Rs 109.90 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 3.47 & 48.95 respectively. The share price has seen a 52-week high of Rs 186 and a low of Rs 65.13 on BSE.

United Phosphorus posted a growth of 19.37% in its consolidated net profit for the three month period ended June 30, 2009.

The company's consolidated profit stood at Rs 1,762.80 million as against Rs 1,476.70 million for the quarter ended June 30, 2008.

In the period under review, the company's consolidated total income was at Rs 16,441.8 million, an increased of 20.08% over the prior year period.

On a standalone basis, the company's net profit stood at Rs 521.10 million, a growth of 11.75% over the prior year period. In the same period, the company's total income was Rs 6938.40 million, a rise of 25.32% over the prior year period.

United Phosphorus Limited is a worldwide generic crop protection, chemicals and seeds company, which is headquartered in Mumbai. The company's remarkable growth is the outcome of victorious backward and forward combination by taking benefit of the consolidation opportunities within the agrochemical business.