Strides Arcolab - fundamentals beckon a relook - 12 months target Rs.586;

One can  invest in the  stock of  Strides Arcolab  at cmp and also on declines upto 415;  Hold for 12 months for a target price of  Rs.586 and more.

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Strides Arcolab rose 1.44% to Rs 451.90 at 12:58 IST on BSE, after the company's Carbapenems manufacturing facility at Campos, Brazil got Certificate of Good Manufacture Practice from Medicines & Healthcare products Regulatory Authority, UK.