Friday, 19 July 2013

Hanung Toys Jumps After Winning Export Order

July 19, 2013


Hanung Toys and Textiles jumped 5.41% to Rs 76.95 at 9:23 IST on BSE after the company said it bagged an export order worth $60 million from a leading US-based buyer.



The announcement was made after market hours on Thursday, 18 July 2013.



Meanwhile, the S&P BSE Sensex was up 39.63 points, or 0.20%, to 20,168.04.



On BSE, 51,000 shares were traded in the counter as against an average daily volume of 74,032 shares in the past one quarter.



The stock hit a high of Rs 79 and a low of Rs 76.85 so far during the day. The stock had hit a 52-week low of Rs 67.40 on Thursday, 18 July 2013. The stock had hit a 52-week high of Rs 179.55 on 8 January 2013.



The stock had underperformed the market over the past one month till 18 July 2013, sliding 36.63% compared with the Sensex's 4.71% rise. The scrip had underperformed the market in past one quarter, falling 44.74% as against Sensex's 5.85% rise.



The small-cap company has an equity capital of Rs 26.58 crore. Face value per share is Rs 10.



Hanung Toys and Textiles said it won an order from a leading US-based buyer for exporting value-added home furnishing to the extent of $60 million (approximately Rs 360 crore) to be completed within three years.



Hanung Toys & Textiles reported net loss of Rs 33.06 crore in Q4 March 2013, as against net profit of Rs 43.66 crore in Q4 March 2012. Net sales rose 13.78% to Rs 528.42 crore in Q4 March 2013 over Q4 March 2012.



Hanung Toys & Textiles operates in two segments -- toys and textiles.


Source:-www.business-standard.com





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