Hanung Toys & Textiles was locked at 5% upper circuit at Rs 34.25 at 10:26 IST on BSE after the firm said its board has given its nod for issue and allotment of equity shares to promoters, promoters group by way of preferential issue.
The announcement was made after market hours on Monday, 16 June 2014.
Meanwhile, the S&P BSE Sensex was up 44.68 points or 0.18% at 25,235.16.
On BSE, so far 23,000 shares were traded in the counter as against average daily volume of 90,000 shares in the past two weeks.
The stock hit a low of Rs 32.60 so far during the day.
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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