Go long in Strides Arcolab, says Kunal Saraogi

Kunal Saraogi, CEO at Equityrush told CNBC-TV18, "Strides Arcolab has broken out on the charts. It has been an outperformer throughout and has opened with a gap today, so definitely it is a buy. I think it can get beyond Rs 1,220, which can be a near-term target. One should put a stop loss at Rs 1,110 and go long on Strides Arcolab."

At 14:47 hrs Strides Arcolab was quoting at Rs 1,151, up Rs 53.55, or 4.88 percent. It has touched an intraday high of Rs 1,159 and an intraday low of Rs 1,123.10.

Disclosure: Analyst does not have any positions in the stock.