Buy Strides Arcolab on dips: Hemen Kapadia

Hemen Kapadia of KR Choksey Securities told CNBC-TV18, "Strides Arcolab is at an all time high. The stock is moved from Rs 350. We are on a long-term uptrend and it is going to continue. One can spread the purchase between Rs 1,080-1,022. After that whenever it takes out Rs 1,250 on a monthly chart, the stock looks set to move towards Rs 1,500 and more over the longer-term. I would suggest a buy at slightly lower levels."

 

The share touched its 52-week high Rs 1,269 and 52-week low Rs 610 on 29 May, 2015 and 20 June, 2014, respectively.