ARE IT IS WISE TO BUY A FORMER PENNY STOCK ON IT YEAR HIGH?

Please give your opinion
regarding SABERO ORGANICS.
THANKS,
PADAM
Indore

1. Sabero organics is a pesticide-agro chemicals company with 10 rupees face value.
2. EPS of this share is 7.44 and P/E 11.19 means fairly priced.
3. Book value of this share is 24.92 and 52 week low is 13 so currant price 83 is 52 week high.
4. In my theory I never buy a stock on 52 week high. Why you not try to pick such type of stock at 13-22 when it is a value buying. So buy on currant price is more risky and strictly against risk reward ratio.
5. This company has a Borrowing proposal. Which make it more risky at currant price?
6. Promoter of sabero organics increase there holding from 39.03 percent to 42.15 percent is a good sign but buy on 52 week high is a concern I think it is wise to wait this share for cool down.
7. I think this company never gives dividends and in 2001 this is a penny stock traded at price of 3 only.