Hanung Toys to raise nearly Rs 200 cr; stock rallies

MUMBAI: Shares of Hanung Toys were witnessing buying activity on reports of fund raising plans by the company. The stock has been moving higher after the Commerce and Industry Minister Anand Sharma announced sops to export oriented companies.

Meanwhile, the management while speaking to ET Now has said that the company will be raising less than Rs 200 crore through QIP in 2-3 weeks time.

At 11:06 am, the stock was at Rs 284, up Rs 31.05 or 12.28 per cent on the NSE. The scrip touched a high of Rs 285.95 and low of Rs 255 in trade so far.