Opto Circuits drops 8%, reversing earlier gains
14th February 2013 12:18 PM
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.Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 69.05 (0.20) (0.29) 1 Month 110.05 (41.20) (37.44) 3 Months 114.10 (45.25) (39.66) 6 Months 147.45 (78.60) (53.31) 1 Year 221.95 (153.10) (68.98) Note: Based on previous day closing price.
- For team Rahul, it’s good politics that will yield rich dividends for poor Indians
- BJP's post-Karnataka gloom: Neither united nor untainted
- Hit by chit fund scam Mamata faces biggest challenge in 2 years
- 'Kiran visited Delhi 76 times since he became CM'
- Bangalore scores low on medical tourism
- Sleepless nights, no baths for Sreesanth
- ‘Lack of anthropologists hits welfare policymaking’
- India's bleeding insurgencies: Lessons from Latin America
- Rs 8K-crore plan for upgrading ICVs of Army
- Key relationships
- Man arrested for attempt to attack TV host Ranjini Haridas
- Jiju Janardhanan’s house in Kannur wears deserted look
- NEET 2013: CBSE gaffe leaves students in a fix
- Car makers run into diesel dilemma
- The toxic truth about ripe mangoes
- Bangalore crush Chennai in 8-over match, keep semi hopes alive