Sell Strides Shasun, target Rs 502: Dr CK Narayan

Dr CK Narayan of Chart Advise has a sell call on Strides Shasun Ltd. with a target price of Rs 502. The current market price of Strides Shasun Ltd. is Rs 513.1. The time period given by the analyst is Intra Day when Strides Shasun Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stop loss at Rs 522.

Strides Shasun Ltd., incorporated in 1990, is a mid-cap company with a market cap of Rs 4594.75 crore.

Strides Shasun Ltd. key Products/Revenue Segments include Pharmaceuticals which contributed Rs 1943.67 Crore to Sales Value (92.12 % of Total Sales), Royalty Income which contributed Rs 86.07 Crore to Sales Value (4.07 % of Total Sales), Export Incentives which contributed Rs 48.69 Crore to Sales Value (2.30 % of Total Sales), Sale of services which contributed Rs 25.01 Crore to Sales Value (1.18 % of Total Sales) and Other Operating Revenue which contributed Rs 6.35 Crore to Sales Value (0.30 % of Total Sales)for the year ending 31-Mar-2017.


The company’s top management includes Mr.Arun Kumar, Mr.Badree Komandur, Mr.Bharat D Shah, Mr.Deepak Vaidya, Mr.Homi Rustam Khusrokhan, Mr.S Sridhar, Mr.Shashank Sinha, Ms.Sangita Reddy. Company has BSR & Co. LLP as its auditoRs As on 31-03-2018, the company has a total of 89,500,035 shares outstanding.