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Friday, April 8, 2011

Sabero Updates: 52% returns in less than 2 months time

Sabero was recommended a buy on 12 Feb 2011 at a price of Rs 40 or below. Despite its strong fundamentals the stock was undervalued and was available at a significant discount.

The stock is now trading at Rs 61 and touched an intra day high of Rs 63. It has given an appreciation of more than 52% return in less than two months time.

This is not a buy call now but the regular update. I will continue to hold this and will buy if it comes down.

Those who missed my earlier mailers on this stock can access the same using the following links:

Niteen S Dharmawat

IMPORTANT DISCLAIMER: Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that I consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above. I sincerely request you to do your homework before you take any position whatsoever. I, my relatives or friends may have position in this company.

1 comment:

sidhartha said...

fairly impressive analysis on sabero. Is sabero also in to endosulfan, if yes what % of its annual revenue is from endosulfan.