Opto Circuits fixed 4 November 2008 as record date for issue of bonus shares in the ratio of 7:10.

Opto Circuits India (Rs 245.80) has fixed 4 November 2008 as record date for issue of bonus shares in the ratio of 7:10.

The stock has a 52-week high of Rs 581 on 31 December 2007 and a 52-week low of Rs 216 on 30 September 2008.

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

The current price of Rs 245.80 discounts Q1 June 2008 annualized EPS of Rs 12.85, a PE multiple of 19.13.

On 5 September 2008, Opto Circuits India’s board deferred a decision on raising additional funds and said it will consider the same at the appropriate time.

Opto Circuits India’s net profit surged 30.6% to Rs 30.25 crore on 33.7% increase in net sales to Rs 82.35 crore in Q1 June 2008 over Q1 June 2007.

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.