Buy United Phosphorous: Nooresh Merani

Nooresh Merani of AMSEC told CNBC-TV18, "United Phosphorous has made a good base around Rs 140-150 and a target implication would be around Rs 180. So we can expect some momentum once it starts trading above Rs 155-156. So this is a good time to enter into the stock."

At 15:14 hrs United Phosphorous was quoting at Rs 149, down Rs 2.05, or 1.36 percent. It has touched an intraday high of Rs 153.50 and an intraday low of Rs 147.25.

The share touched its 52-week high Rs 167.50 and 52-week low Rs 111.30 on 05 June, 2013 and 15 November, 2012, respectively. Currently, it is trading 11.04 percent below its 52-week high and 33.87 percent above its 52-week low. Market capitalisation stands at Rs 6,594.80 crore.