United Phosphorus heats up on Q1 performance

DALAL STREET SPIKES

United Phosphorus Limited (UPL) rose 5.21 per cent to Rs 336.95 on the Bombay Stock Exchange and was the fourth biggest gainer in the ‘A’ group. The company reported a 57.9 per cent rise in net profit to Rs 46.63 crore on a 54.26 per cent increase in total income to Rs 553.67 crore in Q1 FY09.

It announced a bonus in the ratio of one equity share of Rs 2 each for every share held. The shares touched a high of Rs 342 during the day. UPL is a leading global producer of crop protection products, intermediates and speciality chemicals.