Yuken India zooms 26% in three sessions

MUMBAI: Shares of Yuken India, a Japanese multinational that makes industrial hydraulics, have risen over 26% in the last three trading session to close at `542 on Thursday with higher-than-average volumes.

Market grapevine has it that a Mumbai-based investor and BSE member, who is frequent on business channels, has been buying this stock for the last few days.

Nearly 90,000 Yuken shares have changed hand in the last three days compared to about 11,000 shares traded in the previous seven trading days. Yuken Kogyo Co, Japan's largest manufacturer of Industrial Hydraulics, owns 40% stake in Yuken India.