Stocks

Valentine’s Day lifts Hanung Toys, Archies’ scrips

PTI Mumbai | Updated on February 14, 2011

Valentine’s Day saw the shares of gift and card makers surge by up to 19.89 per cent during intra-day trade on the BSE today amid a rally that lifted investors’ spirits.

The shares of Hanung Toys and Textiles, which is engaged in the manufacturing of stuffed toys and home furnishings, skyrocketed by 19.89 per cent in the morning trade on the Bombay Stock Exchange to touch an early peak of Rs 235.

Later in the mid-session, the scrip was trading higher by 16.84 per cent at Rs 229 on the BSE.

Similarly, Archies, which is engaged in the business of retailing gift items, greeting cards and stationary items, surged by 12.21 per cent to touch an early high of Rs 45 on the BSE. During the mid-session, the scrip gained 2.24 per cent to trade at Rs 41 on the BSE.

Market players attributed the sharp rise in these stocks to Valentine’s Day. Investors flocked to the counters of these companies, which are engaged in the manufacture and retail of gift items, they said.

Published on February 14, 2011

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