Rajen Shah, CIO at Angel Broking told CNBC-TV18, "United Spirits is richly priced. I would certainly not dabble in that at this point of time at Rs 2,500. The one stock in that UB Group which we like a lot and which could give you 50 percent upside over the next 12 months is Mangalore Chemicals and Fertilisers. We could see a change in management probably in Mangalore Chemicals. It is trading at about Rs 41 which is hardly about 6.5 times the earnings and there we could see some really good action in the coming 12 months."
At 10:00 hrs Mangalore Chemicals and Fertilisers was quoting at Rs 40.80, down Rs 0.70, or 1.69 percent. It has touched an intraday high of Rs 41.90 and an intraday low of Rs 40.65.
The share touched its 52-week high Rs 57.30 and 52-week low Rs 27.30 on 13 July, 2012 and 04 March, 2013, respectively. Currently, it is trading 28.8 percent below its 52-week high and 49.45 percent above its 52-week low.
Market capitalisation stands at Rs 483.54 crore.
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