I have recommended a BUY on Sabero Organics about 6 months back @ Rs.55/-(For old report Click HERE) which is currently trading around Rs.130/-. For the quarter ended June 2012, company posted excellent result which clearly indicating the success of the strategy initiated by the new management. Company posted sales growth of almost 100% and reduced the loss substantially. Considering the strength and experience of Murugappa group in agriculture related business ,I feel the good days are just coming for this company and a long way to go.Even after about 130% rise from the initially recommended price ,recommending to HOLD for long term and any dip below Rs.115/- may take as an opportunity to add more.Stock will be shifted to 'T' group wef .20/07/2012
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