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Sunday, October 31, 2010
TO ALL SHAREHOLDER of YUKEN INDIA LTD !!
Yuken India’s (Rs.290) net profit has shot up by 86.21% to Rs.3.24 cr. in Q2FY11 as against Rs.1.74 cr. in Q2FY10 while sales rose 44.42% to Rs.38.46 cr. as against Rs.26.63 cr. in Q2FY10.
The company has done exceedingly well and the full year EPS is likely to be in the range of Rs.40-45 level on a consolidated basis. Investors can continue to hold this stock for higher targets of Rs.400 before review.
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All the advises,calls,tips and predictions are neither an offer nor a solicitation to purchase or sell securities.The information and views given by writer is believed to be reliable but no responsibility (liability) is accepted for error of facts and opinion.Writer may be trading in or having positions in stock markets.
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