Hello, Hitesh Sir. Going by Techno Funda and the multi-year high strategy, I came across Japanese MNC, Yuken India(Mcap 900 cr). Its stock hit a 4 year high today with the highest volume for this period recorded in last 2 days. Until 2021, it was a BSE stock, so the NSE data is only from late 2021 onward.
Most recent developments-
The company is into hydraulic machinery and in the last quarter the parent company bought 1 million shares at 670 per share. In their disclosure yesterday, they mentioned that they are going to do technology transfer from their Japanese entity to India, expand the current product line and use India as a base to cater to newer markets.
Risk- The current valuations are very rich.
Would be grateful if you could take a look at the chart and share your thoughts if it’s worth exploring further.
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