CMP : 416
Target Price : 480
For 3QFY2016, United Phosphorus (UPL) posted sales of Rs3,050cr, a yoy growth of
1.3%. Overall, growth was driven by price and volume growth of 3% and 11%
respectively, while exchange had a weigh down effect by 13%, which impacted the
sales. On the operating front, the OPM came in at 19.0% V/s 17.9% in 3QFY2015.
This is in spite of lower ..