Hanung Toys up on fund-raising

Hanung Toys & Textiles shares surged 4.92 per cent to Rs 73.6 on the back of the company’s fund-raising plans. The company’s board will meet on August 22 to consider issue of shares worth $50 million.

The board is also expected to recommend dividend for 2008-09. The stock hit the day’s high of Rs 73.65 and a low of Rs 71.95. Volumes were three times more than the two-week average with 73 per cent delivery volumes.