CMP : 595
Target Price : 684
For 4QFY2016, United Phosphorus (UPL) posted sales of Rs4,292cr, up 20.5% yoy,
mainly led by 25% growth in volume and a 1% rise in price. The exchange rate
dipped by 6.0% during the quarter. In terms of geography, Latin America
(Rs1,428cr), Europe (Rs872cr), USA (Rs971cr), and India (Rs417cr) posted a yoy growth
of 57%, 8%, 13% and 4%, re..