Yuken India at 20% UC

Yuken India is a leading manufacturer of oil hydraulic equipments in collaboration with Yuken Kogyo Company of Japan. Total promoters stake as at 30th Sept 2015 stood at 52.54% of which the Japanese company held 40%. Its captive foundry unit at Bangalore provides over 90% of its castings requirement.

A small-cap stock with market cap of less than Rs.100 crore, it is thinly traded – 2-week average volume is 750 shares and today alone it has clocked over 6800 trades already. The stock price is locked in the 20% upper circuit of Rs.312.

Apart from the Q2FY16, the market is more enthused with the news that its Board approved joint development agreement with Brigade Enterprises for developing the company's property in Bangalore.

For current Q2, the company posted a net profit of Rs.31 lakh, up 24% (YoY) on a 7.5% rise in net sales at Rs.51 crore.