Opto Circuits (India) firms up after bagging order

Opto Circuits (India) rose 3.86% to Rs 10.76 at 9:53 IST on BSE after the company said it received order worth Rs 30 crore from Philips Health Care for various types of sensors manufactured by the firm.

The announcement was made during trading hours today, 11 June 2018.

Meanwhile, the S&P BSE Sensex was up 145.49 points, or 0.41% to 35,589.16.

On the BSE, 86,000 shares were traded in the counter so far compared with average daily volumes of 1.08 lakh shares in the past two weeks. The stock had hit a high of Rs 11.25 and a low of Rs 10.48 so far during the day. The stock hit a 52-week high of Rs 12.98 on 2 May 2018. The stock hit a 52-week low of Rs 6.84 on 5 October 2017.

On a consolidated basis, Opto Circuits (India) reported net profit of Rs 10.75 crore in Q4 March 2018 as against net loss of Rs 383.03 crore in Q4 March 2017. Net sales rose 30% to Rs 66.43 crore in Q4 March 2018 over Q4 March 2017.

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

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