Enter Strides Arcolab around Rs 850, says Merani

Merani told CNBC-TV18, "Strides Arcolab on the technical front has broken down below Rs 980-1000 levels and it was in the news for quite sometime and that is why the correction. So, we may re-look into the stock once it starts trading about Rs 1000-1050 levels but Rs 850 could be a good entry point if it dips to those levels of Rs 850-900."

The company's trailing 12-month (TTM) EPS was at Rs 4.90 per share. (Sep, 2012). The stock's price-to-earnings (P/E) ratio was 194.92. The latest book value of the company is Rs 230.75 per share. At current value, the price-to-book value of the company was 4.14. The dividend yield of the company was 0.21%.