United Phophorus up 3% on value buying

Shares of United Phosphorus rose nearly 3 per cent on value buying by local institutional investors after its recent correction,three dealers said. The shares had fallen nearly 8 per cent in two trading sessions. Angel Broking on Tuesday upgraded the stock to ‘buy’ from ‘accumulate’ as it finds the stock attractive after the correction. At 12:31 p.m.,shares were up 3.29 per cent at Rs 158.60.