Buy United Phosphorous on declines: P Phani Sekhar, Angel Broking

P Phani Sekhar, Fund Manager-PMS, Angel Broking, in a chat with ET now, gives his stock call


What do you think about United Phosphorus and the warning that they have given?

As far as United Phosphorus is concerned, I am a bit surprised not because of the warning but because of the kind of treatment that the market has meted out because this continues to remain a good company in a more or less secular growth of 15-18% considering the kind of geographies that is present. Even if in a given year, the growth targets are missed by a few percentage basis points since the stock continues to remain pretty cheap at around 9-10 times, so it should not have made a world of difference but that’s the market for you and longer term investors should actually take advantage of these declines and maybe buy United Phosphorus from the long-term perspective.