The local share market is enjoying a return to form today, but few shares are rising as strongly as OrotonGroup Limited (ASX: ORL). The handbag and fashion accessory retailer’s share price has surged 27.3% higher today to trade at $2.61.

The shares are still trading 8.4% below the highs they achieved late last year and are a long way off the levels around $9.50 achieved early in 2014, but shareholders will at least be relieved that they’ve rebounded from their low of $2.01 last month.

Source: Yahoo! Finance

Source: Yahoo! Finance

Notably, shares of Myer Holdings Limited (ASX: MYR) have also soared 12.7% today to $1.24. The gains for both companies came after they released their half-year earnings results to the market.

Myer’s report was upbeat, including comparable store sales growth of 7.1% across 12 Victorian and New South Wales Flagship and Premium stores, while OrotonGroup lifted its net profit by 73% to $3.8 million during the half.

That’s a lot better than what some analysts were expecting and could well explain the soaring share price today.

Our BEST stock idea for 2016 - FREE!

Our top analysts have recently selected their TOP stock idea for 2016, and with share prices falling, it could be the BEST time to buy! This relatively unknown technology share is growing rapidly and offers a fat, fully franked dividend! Best of all: their top stock idea for 2016 is yours FREE! Just click here, enter your email address and claim your free report - no payment or credit card required!

HOT OFF THE PRESSES: Motley Fool’s #1 Dividend Pick for 2017!

With its shares up 155% in just the last five years, this ‘under the radar’ consumer favourite is both a hot growth stock AND our expert’s #1 dividend pick for 2017. Now we’re pulling back the curtain for you... And all you have to do to discover the name, code and a full analysis is enter your email below!

Simply enter your email now to receive your copy of our brand-new FREE report, “The Motley Fool’s Top Dividend Stock for 2017.”

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our https://www.fool.com.au/financial-services-guide">Financial Services Guide (FSG) for more information.

Motley Fool contributor Ryan Newman has no position in any stocks mentioned. Unless otherwise noted, the author does not have a position in any stocks mentioned by the author in the comments below. You can follow Ryan on Twitter @ASXvalueinvest.

The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.