Hanung Toys & Textiles @ 116 # Closed - Target achieved on 09.03.10 #

Co was set up in technical collaboration with South Korea. It claims to be India’s largest Manufacturer and Exporter of Soft Toys Decorative Cushions & Children’s Room Furnishings.

• Has recently launched a wide range of Home Furnishings in various fabrics, colours and designs 
• Major products includes Soft (Stuffed) Toys, Decorative Cushions,Home Furnishings, in various fabrics, colours and designs, items like Bed Sets, Duvet Covers, Curtains, Throws, Quilts, Sleeping bags, Bolsters/Long Cushions, Cushion Covers, Floor Rugs & Carpets, Sit Sacks
• Major clients includes Walmart., Home center, Americam pecific, Britanica, The one etc.
• Manufacturing unit is located nr delhi with an area of 75,000 Sq. Feet and 426 machines having production capacity of 110 Lacs Pcs/Annum. 
• To add new ranges to their Home Furnishings Line, such as Bed-linen, Hotel-linen, Bed Spreads, Filled Pillows, Pillow Covers, Blanket/Quilt Covers, Table Covers, Table Napkins
• Has recently signed export order tie-up with a leading US buyer, for exporting Home furnishing to the extent of USD 60 Million (About Rupees 280.00 Crores) to be completed by December, 2012 
• Has received the BEST EXPORTER AWARD for Toys for the years 2007 - 08 and 2008 - 09 from Noida Special Economic Zone Authority, Ministry of Commerce & Industry, Govt. of India.
  
• In HY10, co has posted net profit of 33 cr on sales of 350 cr with and EPS of 13.4 

 Stock is presently in consolidation mode. Having a strong support in 100-104 region. Looks a  really safe bet.Invest for a period of one year. Tgt 140+.....