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Buy Yuken India; target of Rs 250: Sunidhi Securities

Friday 26th Aug 2011 1250

Bengaluru : Banglore Fri, Aug 26, 2011 at 11:55:Sunidhi Securities is bullish on Yuken India and has recommended buy rating on the stock with a target of Rs 250 in its August 25, 2011 research report.

“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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