Strides Arcolab may breakout, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "After three days of big gains, Strides Arcolab has moved sideways. Yesterday it had a good day. It does appear that the sideways momentum will eventually lead to another breakout. The stock is a strong outperformer in its sector and the pharmaceutical sector itself seems to be coming out of a correction. So pharma and FMCG are the two themes that should work out." At 11:21 hrs Strides Arcolab was quoting at Rs 1,368.55, down Rs 3.85, or 0.28 percent. It has touched an intraday high of Rs 1,397.30 and an intraday low of Rs 1,357.00.