Opto Circuits slumps after poor Q4 results

The result was announced after trading hours on Thursday, 30 May 2013.

Meanwhile, the S&P BSE Sensex was down 383.09 points, or 1.90%, to 19,832.31.

On BSE, 47.99 lakh shares were traded in the counter as against an average daily volume of 6.84 lakh shares in the past one quarter.

The stock hit a low of Rs 35.15 so far during the day, which is also a 52-week low for the counter. The stock hit a high of Rs 51.25 so far during the day. The stock had hit a 52-week high of Rs 167 on 30 May 2012.

The stock had underperformed the market over the past one month till 30 May 2013, sliding 13.04% compared with the Sensex's 3.65% rise. The scrip had also underperformed the market in past one quarter, rising 1.91% as against Sensex's 7.18% rise.

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

Opto Circuits (India)'s net profit fell 33.58% to Rs 379.81 crore on 1.25% increase total income from operation (net) to Rs 2399.35 crore in the year ended March 2013 over the year ended March 2012.

Opto Circuits (India) is a multinational medical device company. It designs, develops, manufactures, markets and distributes a range of medical products that are used by healthcare establishments in more than 150 countries. The company specialises in vital signs monitoring, emergency cardiac care, vascular treatments and sensing technologies.

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