New Delhi, June 11 -- Shares of Doms Industries surged 8% in Thursday's trade, hitting the day's high of Rs.2,279 apiece, as investors responded positively to the company's efforts to further strengthen its portfolio of stationery and art products.

The company on Wednesday informed the exchanges that it had entered into an Asset Purchase Agreement (APA) with Reynolds Pens India and five other entities - all subsidiaries of Newell Brands Inc. - for the acquisition of certain assets, relevant contracts, employees, intellectual property, and associated identified liabilities related to the manufacture and sale of pens, markers, highlighters, and school supplies under the Reynolds brand.

The transaction also involves ancillary agreements, i...