Yuken India is one of our favorite stock which we recommended twice @ Rs.140/- and @ Rs.160/- in the past .Currently it is quoting around Rs.235/-.Company declared its first qtr result on Saturday. Below is the comparative figures with last year same qtr:
JUNE QTR 2010 JUNE QTR 2009
TURNOVER 28.73 Cr 17.22 Cr
NET PROFIT 1.34 Cr LOSS OF 28 Lakhs
EPS Rs.4.47 /- - .87
Company's sales and profitability showing seasonal variations and historically June qtr is one of the weak qtr for the company .Even in such a qtr company performed well and raw material prices are stabilized now.Moreover company is planning a capex of Rs.15 Cr in near future to increase capacity and modernisation .The entire funding will be through internal accruals and loans.Considering all these facts ,better days are expected ahead and one can HOLD it.
Saturday, 24 July 2010
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