Opto Circuits' shares surge over 7% on bourses

Image
Press Trust of India Mumbai
Last Updated : May 06 2015 | 7:07 PM IST
Stocks of medical devices firm Opto Circuits India today surged over 7 per cent after the company said its US arm Cardiac Science has received US health regulator's clearance to market its new automated external defibrillator (AED) in the American market.
The stock ended the day with a gain of 7.36 per cent at Rs 21.15 per scrip on the BSE.
In intra-day trade, it jumped 14.21 per cent to Rs 22.50.
At the NSE, it gained 7.36 per cent to settle at Rs 21.15.
On the volume front, 16.20 lakh shares of the company changed hands at the BSE and over 65 lakh shares were traded at the NSE during the day.
Cardiac Science's 'Powerheart G5 AED with CRPD' has received 510(k) market clearance from the United States Food and Drug Administration (USFDA), allowing it to begin selling the product along with Powerheart G3 and G5 product line, Opto Circuits said in a statement.
The Powerheart family of AEDs is designed to enable rescuers to swiftly provide effective, life-saving therapy to aid a person who has suffered sudden cardiac arrest, a condition in which the heart suddenly stops beating due to ill regularities in its electrical system, Opto Circuits India said.
Meanwhile, in the broader market, the benchmark BSE Sensex ended 722.77 points down at 26,717.37.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 06 2015 | 7:07 PM IST

Next Story