Buy Yuken India; target of Rs 250: Sunidhi Securities

“Incorporated in June 1976 in Bangalore and went public in 1991, YIL manufactures hydraulic equipment in technical collaboration with Yuken Kogyo, Japan, which holds a 40 per cent stake in the company. In 1986, YIL set up captive foundry unit at Bangalore. This unit provides over 90% of its castings requirement. The parent Yuken Kogyo established in 1956 is one of the leading manufacturers of industrial hydraulics in the world. It has 3 manufacturing plants in Fujisawa, Fukuroda and Sagami, in Japan.

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