Opto Circuits (India), Bangalore based
medical devices company, dropped sharply on Thursday reversing
earlier gains seen after third quarter earnings.
On Tuesday evening, the company announced a fall of 9.45% in consolidated net profit to Rs 1.13 billion as compared to net profit of Rs 1.25 billion in the same period last year.
Consolidated net sales of the company went up by 1.3% to Rs 6.19 billion for the quarter ended Dec. 31, 2012 from Rs 6.11 billion in the year ago period.
During the quarter, the operating profit margin decreased
sharply by 427 bps to 21.48% from 25.75% for the same period last
year. 
Shares ofthe copmpanyare trading at Rs
63.30, down Rs 5.55, or 8.06% at the Bombay Stock Exchange (BSE) on
Thursday at 11:09 a.m.The scrip has touched an intra-day high of Rs
69.35 and low of Rs 62. The total volume of shares traded at the
BSE is 973,004.In the earlier session, the shares gained 2.68%, or
Rs 1.8, at Rs 68.85. Currently, the stock is trading at all time
52-week low, which is below 71.94% over the 52-week high of Rs
225.61.
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