Hanung Toys & Textiles was locked at 5% upper circuit at Rs 35.95 at 10:24 IST on BSE, with the stock extending Tuesday's 5% gains triggered by the company's board giving its nod for preferential allotment of shares to promoters.
Meanwhile, the S&P BSE Sensex was up 52.93 points or 0.21% at 25,574.12.
On BSE, so far 11,000 shares were traded in the counter as against average daily volume of 1.04 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 35.95 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 17 June 2014, surging 52.22% compared with the Sensex's 5.8% rise. The scrip had also outperformed the market in past one quarter, jumping 68.72% as against Sensex's 17.02% rise.
The small-cap company has equity capital of Rs 26.58 crore. Face value per share is Rs 10.
Shares of Hanung Toys & Textiles have risen 10.1% in two trading sessions from a recent low of Rs 32.65 on 16 June 2014, after the company after market hours on 16 June 2014 said its board of directors given its nod for issue and allotment of equity shares to promoters, promoters group by way of preferential issue. The stock surged by the maximum permissible level of 5% to settle at Rs 34.25 on Tuesday, 17 June 2014.
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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