Opto Circuits tumbles to 52-week low on high volume

Meanwhile, the S&P BSE Sensex was up 7.37 points or 0.04% at 19,436.80.

The stock dropped on high volumes. On BSE, 48.54 lakh shares were traded in the counter as against average daily volume of 10.26 lakh shares in the past one quarter.

The stock hit a low of Rs 22.90 so far during the day, which is a 52-week low for the counter. The stock hit a high of Rs 29.45 so far during the day. The stock had hit a 52-week high of Rs 165.55 on 6 July 2012.

The stock had underperformed the market over the past one month till 7 June 2013, sliding 51.9% compared with the Sensex's 2.3% fall. The scrip had also underperformed the market in past one quarter, declining 47.85% as against Sensex's 0.08% gain.

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

The stock had tumbled a staggering 37.87% in single trading session to settle at Rs 31.50 on 31 May 2013 after the company reported poor Q4 earnings after market hours on 30 May 2013.

Opto Circuits (India)'s consolidated net profit fell 94.1% to Rs 12.30 crore on 31.1% decline in net sales to Rs 456.76 crore in Q4 March 2013 over Q4 March 2012.

Opto Circuits (India) is a vertically integrated multinational medical technology Group that specializes in primary, acute and critical care products for the global markets.

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