Looking at a target of about 220 to 225 on United Phosphorous: Sharekhan

Hemang Jani, senior vice president, Sharekhan, in a chat with ET Now talks about United Phosphorous.

What do you think United Phosphorous has in terms of the uptick and what should be our main focus on the stock?

What we could look at is the fact that company has been able to do extremely well in the recent quarter in the agrochemical space and it is a very well diversified business model. It is not dependent only on India. The kind of subsidiaries it has world over and the fact that the company has for the first time given out a very aggressive guidance for next year and this stock has not actually gone anywhere for the past one year. So good quality midcap space available at about 10-11 PE and with decent guidance, the company will catch up. So we are looking at a target of about 220 to 225 over the next 12 months time frame.