Motilal Oswal is bullish on Strides Shasun has recommended buy rating on the stock with a target price of Rs 481 in its research report dated August 08, 2018.
HDFC Securities is bullish on Strides Shasun has recommended buy rating on the stock with a target price of Rs 480 in its research report dated 09 Aug 2018.
Ibuprofen is used to relieve pain from various conditions such as headache, dental pain, muscle aches, or arthritis.
Strides Shasun has received pre-qualification from the World Health Organization (WHO) for its rectal artesunate product for the pre-referral management of severe malaria.
In November 2015, Strides Arcolab had changed its name to Strides Shasun post amalgamation of Shasun Pharmaceuticals with Strides Arcolab.
JM Financial is bullish on Strides Shasun has recommended buy rating on the stock with a target price of Rs 530 in its research report dated May 21, 2018.
HDFC Securities is bullish on Strides Shasun has recommended buy rating on the stock with a target price of Rs 980 in its research report dated May 10, 2018.
The most actively traded stocks on the NSE were Bajaj Finance, up over 4 percent, and Reliance Communications, which plunged over 10 percent.
Revenue from operations fell by 1.9 percent year-on-year to Rs 664.2 crore for the quarter ended March 2018.
Other income during the quarter fell sharply to Rs 21.8 crore compared to Rs 62.4 crore in Q4FY17.
The company's board today approved divestment of its 100 per cent shareholding in Strides Chemicals to Solara, Strides Shasun said in a regulatory filing.
Cyproheptadine hydrochloride tablets is a generic version of Periactin tablets of Merck & Co Inc.
"The company’s market share in Q3FY18 quarter was 33 percent, which is up 6 percent points compared to what it reported last quarter," Akash Jain, Vice-president, Equity Research at Ajcon Global Services.
The company's wholly-owned subsidiary Strides Pharma Global has received approval for Ibuprofen capsules in the strength of 200 mg from the United States Food & Drug Administration (USFDA), Strides Shasun said in a statement.
"Till Nifty holds 10,350 levels decisively, bounce back from lower levels cannot be ruled out and on higher end stiff hurdle seen around 10,490 mark," says Rajesh Agarwal of AUM Capital.
The approval granted to the company's wholly-owned subsidiary Strides Pharma Global Pte by the US Food and Drug Administration (USFDA) is for Efavirenz tablets of 600 mg strength, the company said in a regulatory filing.
Strides is already a key player in the US Ranitidine Rx market with 32 per cent market share through its approval for Ranitidine Tablets USP, 150 mg and 300 mg. The new launch will further strengthen company’s Ranitidine franchise, the company said in a statement.
Ashwani Gujral of ashwanigujral.com recommends buying Tech Mahindra with a stop loss of Rs 588, target of Rs 620, a buy on NIIT Tech with a stop loss of Rs 788, target of Rs 825 while a sell call on Century Textiles with a stop loss of Rs 1190, target of Rs 1130.
In a BSE filing, it said Strides Pharma Global Pte. has received approval from the United States Food and Drug Administration (USFDA) for tenofovir disoproxil fumarate tablets, 300 mg.
Most experts are calling this to be a pre-budget rally and the euphoria is tied up to the Budget, and thankfully the December quarter earnings have not been bad in fact some of them were better than estimates.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Reliance Industries, Torrent Power and Strides Shasun and can sell Union Bank of India.
The transaction provides access to pipeline of more than 110 product dossiers already submitted in addition to an important platform for Strides' ARV launch in the large, prive non-tender market in South Africa.
"Strides Pharma Asia Pte, Singapore, a wholly-owned subsidiary of Strides Shasun has entered into definitive agreements with Trinity Pharma Proprietary, South Africa for acquisition of controlling stake in Trinity," Strides Shasun said in a BSE filing.
HDFC Securities is bullish on Strides Shasun has recommended buy rating on the stock with a target price of Rs 1200 in its research report dated 21 November 2017.