Opto Circuits (India) advances after turnaround Q1 earnings

Opto Circuits (India) gained 4.82% to Rs 9.78 at 13:25 IST on BSE after the company reported consolidated net profit of Rs 9.05 crore in Q1 June 2017 as against net loss of Rs 2.10 crore in Q1 June 2016.

The result was announced after trading hours yesterday, 1 August 2017.

Meanwhile, the S&P BSE Sensex was down 14.75 points or 0.05% at 32,560.42. The S&P BSE Small-Cap index was up 10.39 points, or 0.06% at 16,085.22

On the BSE, 3.49 lakh shares were traded on the counter so far as against the average daily volumes of 1.84 lakh shares in the past one quarter. The stock had hit a high of Rs 10.25 and a low of Rs 9.72 so far during the day. The stock had hit a 52-week high of Rs 13.86 on 8 September 2016. The stock had hit a 52-week low of Rs 8.60 on 30 June 2017.

The stock had outperformed the market over the past one month till 1 August 2017, rising 4.6% compared with 4.34% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, declining 8.08% as against Sensex's 8.97% rise. The scrip had also underperformed the market in past one year, sliding 26.07% as against Sensex's 16.42% rise.

The small-cap company has equity capital of Rs 242.32 crore. Face value per share is Rs 10.

Opto Circuits (India)'s consolidated net sales declined 5.77% to Rs 48.18 crore in Q1 June 2017 over Q1 June 2016.

Opto Circuits (India) is a leading manufacturer of healthcare equipment in India.

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