Hanung Toys and Textiles net profitĀ rose 101.18% to Rs 18.69 crore in the qtr end of June 2008 compared to Rs 9.29 crore during the Prev Qtr YOY of june 2007. Sales rose 71.41% to Rs 146.04 crore in the qtr end of June 2008 compared to Rs 85.20 crore during the Prev Qtr [...]
Hanung Toys and Textiles Ltd. is planning to acquire three overseas companies through deals worth $30 million. Hanung will buy two US-based home furnishings companies and a toymaker in Nanjing (China) in the next two to three months.The Nanjing Company has a capacity to manufacture 10 million toy pieces per annum. The company currently manufactures about 20 million toy pieces at its Noida facility
Scripscan:-Hanung Toys and Textiles LtdCmp:243Target:370Return percentage:50%Duration:6-9 monthsTraded in:NSE-BSEIntroduction: Hanung Toys & Textiles is engaged in the business of manufacturing and exporting of soft toys.It also manufactures and exports of home furnishings.The company is basically an export player deriving 75% of its revenues from overseas markets, mainly Europe & US. I like it because:-1)Hanung is the biggest organised soft toy manufacturer in India today and it hopes to be a 1000crs company by march 2010.The company ended doing 490crs in fy07-08.2)Hardly input cost problems.The company saves on raw material by entering into long-term contracts with suppliers. Its plants are located in tax-free and special economic zones,leading to substantial tax savings
Scripscan:-Hanung Toys and Textiles Ltd
Cmp:243
Target:370
Return percentage:50%
Duration:6-9 months
Traded in:NSE-BSE
Introduction:-Hanung Toys & Textiles is engaged in the business of manufacturing and exporting of soft toys.It also manufactures and exports of home furnishings.The company is basically an export player deriving 75% of its revenues from overseas markets, mainly Europe & U
Yesterday Recap >> RPL sell recommendation touched a low of 202/- giving a profit of Rs 15/ and HPCL hit a high of 264.
Buy for Nov 9th ( GMR Infra, Hanung Toys )
BUY GMR Infra >207.1,210,217,227 Stop Loss 199.9
BUY Hanung Toys >204.1,211,213,222 Stop Loss 200.9