Valentine Day lifts stocks of Hanung Toys, Archies on BSE

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

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 morning trade on the Bombay Stock Exchange to touch an early peak of Rs 235.

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.

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.

Meanwhile, the BSE barometer Sensex was trading higher by 364.66 points at 18,093.27 in the afternoon session.