BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
Religare maintains buy on Strides Shasun
Strides Arcolab has guided for an increase in R&D spends from Rs 75 crore in FY16 to Rs 150 crore in FY17. Factoring in a soft FY16 and higher R&D costs, we cut earnings per share estimates for FY17/FY18 by 5 and 4 per cent respectively.