I have recommended a BUY on Bambino Agro Ind.Ltd @ Rs.40 on 13 October 2012.Today stock closed around Rs.68 ,near to its 52 week high.Even there is an increase of 50% in sales ,due to sharp increase in WIP / Stock in trade company reported a marginal loss in last September quarter .After a long gap of 15 years company distributed 15 % dividend recently.Now company introduced many new products to its product list and started to market it very aggressively on a pan India basis.Even the history of promoter is not very investor friendly,their recent efforts to scale up the business and share the profit with minority share holders giving some hope.As you are aware , investors interest is very high for good branded companies especially in packaged food sector.BAMBINO having very good brand recall across southern states and now they entered into northern markets too.Company having a turnover of Rs.200 + Crore and an equity base of just Rs.8 Crore .Out of this Rs.8 Cr equity promoters holding is too high @ 75 %,which means very low floating stock.If the promoters are willing to drop their laziness and take some bold steps to reduce debt ,there is everything in this stock to become a multibagger. For investors with some risk appetite still recommending to HOLD the stock.
Link to company website HERE
For old posting click HERE
Disc:I have vested interest in BAIL