Tuesday, May 6, 2008

Opto Circuits drops

Opto Circuits India dropped 0.53% to Rs 358.80 at 14:00 IST on BSE even as the company said its unit has received marketing approval from the US Food and Drug Administration for two vital signs monitoring systems.

The stock hit a high of Rs 365 and a low of Rs 356.05 so far during the day. The stock had a 52-week high of Rs 581 on 31 December 2007 and a 52-week low of Rs 220 on 12 June 2007.

The company’s current equity is Rs 94.17 crore. Face value per share is Rs 10.

The current price of Rs 358.80 discounts its Q3 December 2007 annualised EPS of Rs 13.40, by a PE multiple of 26.78.

In April 2008, Opto Circuits India acquired majority stake in US based Criticare Systems Inc.

Opto Circuits India’s net profit rose 58.9% to Rs 31.55 crore on 63.7% rise in net sales to Rs 90.43 crore in Q3 December 2007 over Q3 December 2006.

The company is engaged in designing, developing, manufacturing, marketing and distributing medical electronic devices and medical monitoring products. The group operates in two segments namely health and information technology.

No comments: