Opto Circuits (India) has dipped 17% to Rs 23.75 on back of heavy volumes on the bourses.The stock opened at Rs 29.45 and hit a 52-week low of Rs 23.90 on BSE.
A combined 14.62 million shares have already changed hands on the counter till 1120 hours against an average sub 10 million shares that were traded daily in past two weeks.
The stock of medical equipment maker has tanked 52% in past seven trading sessions after reporting a sharp 94% year-on-year (yoy) drop in consolidated net profit at Rs 12.3 crore for the quarter ended March 2013 (Q4).
Its consolidated revenue too, fallen 33% to Rs 456 crore compared to Rs 681 crore in year ago quarter. Earnings before interest, taxes, depreciation, and amoritsation (EBITDA) crashed 64% to Rs 60 crore against 164 crore on yoy basis.
A combined 14.62 million shares have already changed hands on the counter till 1120 hours against an average sub 10 million shares that were traded daily in past two weeks.
The stock of medical equipment maker has tanked 52% in past seven trading sessions after reporting a sharp 94% year-on-year (yoy) drop in consolidated net profit at Rs 12.3 crore for the quarter ended March 2013 (Q4).
Its consolidated revenue too, fallen 33% to Rs 456 crore compared to Rs 681 crore in year ago quarter. Earnings before interest, taxes, depreciation, and amoritsation (EBITDA) crashed 64% to Rs 60 crore against 164 crore on yoy basis.
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