Strides Arcolab Ltd’s Q2FY17 consolidated net profit rises 106.73% yoy to Rs.74.1 crore

india infoline-Strides Q2FY17 revenues were in line with our estimates on all fronts. Overall revenue for Q2 grew by 33% YoY to Rs.946 Crs. EBITDA grew 42%YoY and margins were 18% up by 110 bps YoY Reported adjusted PAT was at Rs.82.6 Crs Regulated Markets & Institutional business continue to deliver healthy growth with an improved sequential performance with higher revenue base. Strides Shasun Ltd
Technical View: Strides Shasun Ltd is currently trading at Rs. 994.8, up by 55.05 points or 5.86% from its previous closing of Rs. 939.75 on the BSE.
The scrip opened at Rs. 939.35 and has touched a high and low of Rs. 1001.25 and Rs. 937.5 respectively. So far 822909(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.

The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
COPYRIGHT © 2017. Pramod Baviskar. Dalal street winners advisory and coaching services. FAQ | Disclaimer | Privacy Policy

This website is best viewed using Microsoft Internet Explorer 9 or higher, and/or latest version of Google Chrome and Mozila Firefox browsers.