MARKET EYE-United Phosphorus gains on cheap valuations

Mon Dec 3, 2012 10:40am IST

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* Shares in United Phosphorus gain 4.8 percent on fund
buying on cheap valuations, dealers say.
* Motilal Oswal Securities said in a note on Friday that the
stock is a 'buy' as it is hovering close to three-year lows
while the company has maintained 15 percent revenue growth
outlook and EBITDA margin of 18-20 percent based on sustained
demand in Europe and Brazil, and demand recovery in the United
States.
* Morgan Stanley wrote in a note on Friday "We believe the share
price will rise relative to the country's index over the next 15
days. This is because the stock has traded off recently, making
short-term valuation much more compelling."

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.reuters.com@reuters.net)
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