Sunday, January 17, 2010

Hanung Toys gets Overseas order worth $100 million.

15th Jan-10 (Friday)
Hanung Toys & Textiles jumped 3.52% to Rs 128.10 at 9:11 IST on BSE, after the company signed a pact with a US buyer for exporting value added home furnishings aggregating $100 million.
The company announced the overseas order win after market hours on Thursday, 14 January 2010.
Meanwhile, the BSE Sensex was up 18.37 points, or 0.10%, to 17,603.24.
On BSE, 71,351 shares were traded in the counter as against an average daily volume of 87,534 shares in the past one quarter.
The stock hit a high of Rs 128.70 and a low of Rs 124.70 so far during the day. The stock hit a 52-week high of Rs 132.30 on 26 October 2009 and a lifetime low of Rs 24.25 on 23 January 2009.
The company's equity capital is Rs 25.19 crore. Face value per share is Rs 10.
The current price of Rs 128.10 discounts the company's Q2 September 2009 annualized EPS of Rs 29.61, by a PE multiple of 4.33.
The order is to be executed by December 2012. This will bring greater strength and better revenue to the company, Hanung Toys said.
Late last month, the company signed a pact with a US buyer for exporting home furnishings aggregating $60 million. The order is to be executed by December 2012.
Hanung Toys & Textiles' net profit fell 4.1% to Rs 18.65 crore on 12.1% rise in net sales to Rs 182.61 crore in Q2 September 2009 over Q2 September 2008.
The company is engaged in the business of manufacturing and exporting of soft toys. It is also into manufacture and exports of home furnishings.

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