Above Rs 1250, Strides Arcolab may hit Rs 1285: Chavan

Sameet Chavan of Angel Broking told CNBC-TV18, "Strides Arcolab has been sideways since last few trading sessions. However, in the last three days it has spiked up from its level of Rs 1,100. It is now approaching its all time high of Rs 1,250. The trend is up; in fact if the stock moves beyond Rs 1,250, it can extend its move towards Rs 1,285-1,290 which is the next resistance zone."

At 11:16 hrs Strides Arcolab was quoting at Rs 1,215, up Rs 43.85, or 3.74 percent. It has touched an intraday high of Rs 1,221 and an intraday low of Rs 1,178.95.

Disclosure: Discussed stock may have been recommended to his clients but analyst has no personal position.