Current price is more than the intrinsic value

Intrinsic Value

Stock has not been able to generate better return on equity than bank FD

ROE vs FD rates

Stock doesn't offer attractive dividend returns

Dividend Returns

Good time to consider, as stock is not in overbought zone

Entry Point

Red Flags Found

Sharekhan is bullish on Strides Pharma Sciences has recommended buy rating on the stock with a target price of Rs 450 in its research report dated November 15, 2022.

Buy Strides Pharma Sciences; target of Rs 450: Sharekhan

The company also has a pipeline of other potassium chloride products, which are expected to be approved and launched in FY24.

Strides Pharma Arms Gets U.S. FDA Approval For Potassium-Deficiency Drug

The approval granted by the US Food & Drug Administration (USFDA) to Strides Pharma Global Pte Ltd, Singapore, is for potassium chloride oral solution of strength 40 mEq/15mL (20 per cent), Strides Pharma Science (Strides) said in a regulatory filing.

Strides Pharma arms gets USFDA approval for potassium-deficiency drug

The Company also has a pipeline of other Potassium Chloride products which are expected to be approved and launched in FY24.

Strides Pharma receives USFDA approval for Potassium Chloride Oral Solution

Stocks to watch: Adani Ports, LTI-Mindtree, PB Fintech, Aditya Birla Capital, Alembic Pharma and Strides Pharma

Stocks that will see action on November 15, 2022

The drug maker said its biologics arm received a positive recommendation from European Medicines Agency (EMA) granting market authorization for Kauliv.

Strides Pharma Science arm gets EMA nod for osteoporosis drug

Stocks to Watch Today: Shares of Apollo Tyres, Bharat Forge, Grasim, Indiabulls Housing Finance, IRCTC , MMTC, MTNL, SpiceJet and Strides Pharma are likely to see some action owing to Q2 results.

Stocks to Watch: Hinduja Group, RIL, SBI, LIC, M&M, Hindalco, KRBL, NDTV

Strides Pharma Science Ltd is quoting at Rs 329.8, up 0.27% on the day as on 12:44 IST on the NSE. The stock is down 44.8% in last one year as compared to a 2.56% slide in NIFTY and a 11.08% slide in the Nifty Metal.

Strides Pharma Science Ltd up for fifth session

Strides Pharma Science allots 1.50 lakh equity shares

Stocks in news: Reliance Industries, NTPC, Cipla, RITES, UltraTech Cement, Allcargo Logistics, Strides Pharma Science and more

Stocks in news: Reliance Industries, NTPC, Cipla, RITES and more

Glenmark, Strides Pharma and Cipla are recalling products in the world’s largest market for medicines due to manufacturing issues.

Glenmark, Strides Pharma And Cipla Recall Products In U.S.

Strides Pharma Science Limited is an India-based pharmaceutical company. The Company is focused on development and manufacture of IP-led niche and pharmaceutical products. It operates through two segments: Pharmaceutical and Bio-pharmaceutical. Its geographical segment includes Africa, Australia, Asia (excluding India), North America, Europe, India, and Others. The Company manufactures a range of niche and pharmaceutical products, including a range of dosage forms such as, liquids, creams and ointments, soft gels, sachets, tablets, and modified release dosage formats. It has eight manufacturing units located in India (Bengaluru-two sites, Puducherry, and Chennai), Singapore, Italy (Milan), the United States (Florida) and Kenya (Nairobi). It is also engaged in manufacturing soft gelatin capsules. It develops and manufactures drugs in the anti-retroviral, anti-malarial, anti-tuberculosis, hepatitis, and other infectious disease drug segments for its institutional business.

Strides Pharma Science Ltd

Strides Pharma Science Ltd

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Buy Strides Pharma Sciences; target of Rs 450: Sharekhan

Strides Pharma Arms Gets U.S. FDA Approval For Potassium-Deficiency Drug

Strides Pharma arms gets USFDA approval for potassium-deficiency drug

Strides Pharma receives USFDA approval for Potassium Chloride Oral Solution

Stocks that will see action on November 15, 2022

Strides Pharma Science arm gets EMA nod for osteoporosis drug

Stocks to Watch: Hinduja Group, RIL, SBI, LIC, M&M, Hindalco, KRBL, NDTV

Strides Pharma Science Ltd

Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Buy Strides Pharma Sciences; target of Rs 450: Sharekhan

Strides Pharma Arms Gets U.S. FDA Approval For Potassium-Deficiency Drug

Strides Pharma arms gets USFDA approval for potassium-deficiency drug

Strides Pharma receives USFDA approval for Potassium Chloride Oral Solution

Stocks that will see action on November 15, 2022

Strides Pharma Science arm gets EMA nod for osteoporosis drug

Stocks to Watch: Hinduja Group, RIL, SBI, LIC, M&M, Hindalco, KRBL, NDTV

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock