Yes Securities on Friday said the house is bullish on corporate banks, metals and agrochemicals maker, United Phosphorus Ltd (UPL).
In an interview to CNBC-TV18, Prasanth Prabhakaran, senior president and chief executive officer, said, "Yes Securities is bullish on large corporate banks on back of good sales growth and operating margin growth on both manufacturing and servicing side."
With regards to metals, Prabhakaran said the house like the space, because Yes Securities see lot of projects getting awarded from the government side.
According to Prabhakaran, UPL s a stock of future and will give sizeable returns for the next couple of years.
Global acquisitions by UPL has given the company value in period of 12-18 months and is EPS (earnings per share) accretive.
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