India Infoline Weekly Wrap – October 30, 2015

Weekly Wrap

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Market Outlook​ Selling pressure ​continued with​out​ respite ​through the week with the Nifty ​ending ​below 8,100, down ~3%. ​For the October series, the Nifty gained over 3% ​even as the November series began on a nervous note​. Investors ​are ​grapp​​l​ing with developments in the global economy, the action of central…

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Buy Strides Arcolab Ltd For Target Rs.1,570 – Religare Securities Ltd

Religare Securities

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Source: Religare Securities Ltd Regulated markets drive growth; H2 guidance strong STR reported a strong Q2, with revenues of Rs 3.7bn (+28.9% YoY/+37.1% QoQ) beating estimates, and EBITDA (adjusted for Biotech’s R&D spends) of Rs 701mn coming broadly in line. Management has guided for a strong H2, implying continued growth…

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