I have recommended a BUY on Sabero Organics @ Rs.55/-(For old report Click HERE) which is currently trading around Rs.143/-. For the quarter ended September 2012, company posted excellent result .Operating income increased from Rs.105 Cr to Rs.141 Cr .After a gap of five quarters company back to black with a profit of Rs.4 Cr where it was a loss of Rs.16 Cr in last year same quarter.Under the new management of experienced Murugappa group , company is expected to grow ahead .Recommending to HOLD and those with some risk appetite can even consider a BUY with long term view at CMP of Rs.143/-
Tuesday, 16 October 2012
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