United Phosphorous may test Rs 125-128: Chaturmohta

United Phosphorous may test Rs 125-128, says Ashish Chaturmohta, VP Derivates and Technicals, IIFL Private Wealth Management.

Chaturmohta told CNBC-TV18, "United Phosphorous has formed a head and shoulder technically. If you look in the last two trading sessions we have seen a build up of almost 20-25% on short side developing. So that is giving a sense that Rs 128 to Rs 125 could be the levels which could be seen in United Phosphorus. If one is holding a short, Rs 142 should be kept as a trailing stop loss for continuing these shorts."
The company's trailing 12-month (TTM) EPS was at Rs 3.41 per share. (Dec, 2011). The stock's price-to-earnings (P/E) ratio was 40.29. The latest book value of the company is Rs 48.90 per share. At current value, the price-to-book value of the company was 2.81. The dividend yield of the company was 1.46%.