Shares of Yuken India were locked in 20% upper circuit at Rs 312 after the company said it has signed an agreement with Bangalore-based real estate developer Brigade Enterprises Ltd.
The board of directors, at its meeting held on November 04, 2015, has approved the joint development agreement with Brigade Enterprises Ltd, Bangalore pertaining to development of the company's property, the release said.
The stock opened at Rs 270 and touched a high of Rs 312. At 12:50pm, over 6,900 shares were traded on the Bombay Stock Exchange.
