Hanung Toys & Textiles was locked at 5% upper circuit at Rs 37.70 at 11:11 IST on BSE after the firm said that corporate debt restructuring cell has approved the corporate debt restructuring package of the company in its meeting held on 23 May 2014.
The announcement was made after market hours on Wednesday, 18 June 2014.
Meanwhile, the S&P BSE Sensex was up 10.05 points or 0.04% at 25,256.30.
On BSE, so far 16,000 shares were traded in the counter as against average daily volume of 1.05 lakh shares in the past one quarter.
The stock opened with an upward gap, surging by the maximum 5% daily circuit and remained locked at the 5% level at Rs 37.70 so far in the day. The stock had hit a 52-week high of Rs 121.80 on 19 June 2013. The stock had hit a record low of Rs 12.35 on 30 August 2013.
The stock had outperformed the market over the past one month till 18 June 2014, surging 59.78% compared with the Sensex's 4.66% rise. The scrip had also outperformed the market in past one quarter, jumping 74.51% as against Sensex's 15.64% rise.
The small-cap company has equity capital of Rs 26.58 crore. Face value per share is Rs 10.
Hanung Toys & Textiles reported a net profit of Rs 17.43 crore in Q4 March 2014 as against net loss of Rs 33.06 crore in Q4 March 2013. Net sales declined 92.5% to Rs 39.43 crore in Q4 March 2014 over Q4 March 2013.
Hanung Toys & Textiles operates in two segments -- toys and textiles.
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