Yuken India hit an upper circuit limit of 20% at Rs 312 at 11:28 IST on BSE after the company said its board approved joint development agreement with Brigade Enterprises for developing the company's property.
The announcement was made after market hours yesterday, 5 November 2015.
Meanwhile, the BSE Sensex was down 70.85 points, or 0.27%, to 26,482.07.
On BSE, so far 6,688 shares were traded in the counter, compared with an average volume of 725 shares in the past one quarter.
The stock hit a low of Rs 270 so far during the day. The stock hit a 52-week high of Rs 340 on 7 July 2015. The stock hit a 52-week low of Rs 199.60 on 26 March 2015.
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The stock had underperformed the market over the past one month till 4 November 2015, falling 0.76% compared with 1.27% rise in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 11.26% as against Sensex's 5.41% decline.
The small-cap company has an equity capital of Rs 3 crore. Face value per share is Rs 10.
Yuken India said its board approved joint development agreement with Brigade Enterprises pertaining to development of the company's real estate admeasuring 6 acres 14.982 guntas (25,797 square meters) located at Whitefield in Bangalore.
Yuken India's net profit rose 24% to Rs 0.31 crore on 7.55% increase in net sales to Rs 50.69 crore in Q2 September 2015 over Q2 September 2014. The result was announced after market hours yesterday, 5 November 2015.
Yuken India is leader in oil hydraulic equipments, which find extensive use in various automation projects and in heavy engineering sector.
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