Yuken India sizzles on bonus proposal

Yuken India rose 4.91% to Rs 3,510 at 15:19 IST on BSE after the company scheduled a board meeting on 8 August 2018 to consider issue of bonus shares.

The announcement was made during market hours today, 31 July 2018.

Meanwhile, the BSE Sensex was up 126.81 points, or 0.34%, to 37,621.21

On the BSE, so far 2,666 shares were traded in the counter, compared with average daily volumes of 4,967 shares in the past two weeks. The stock had hit a high of Rs 3,510 and low of Rs 3,260 so far during the day. The stock had hit a record high of Rs 4,990 on 30 January 2018. The stock had hit a low of Rs 1,750 on 11 August 2017.

The small-cap company has equity capital of Rs 3 crore. Face value per share is Rs 10.

Yuken India's net profit rose 18.9% to Rs 3.02 crore on 35.24% rise in net sales to Rs 66.58 crore in Q4 March 2018 over Q4 March 2017.

Yuken India is a leader in oil hydraulic equipments, which find extensive use in various automation projects and in heavy engineering sector.

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