Opto circuit(ed)
DSIJ Intelligence / 20 Dec 2016

Opto Circuits India, which on December 20, opened at Rs 10.50 has breached its upper circuit at Rs 11.14. The shares of the company, which previously closed at Rs 9.29 have got locked on an upper circuit of Rs 11.14. The shares of the company are up by 19.91 per cent.
Opto Circuits India, which on December 20, opened at Rs 10.50 has breached its upper circuit at Rs 11.14. The shares of the company, which previously closed at Rs 9.29 have got locked on an upper circuit of Rs 11.14. The shares of the company are up by 19.91 per cent.
The shares of Opto Circuits India have spiked largely on a new order won. The company has informed the bourses that Opto Circuits India and its subsidiaries have received an order worth Rs 91 crore.
The Q2FY17 results of the company are however poor. OCI has posted a net loss of Rs 258 crore. In Q2FY16 the company had restricted its loss at Rs 22.6 crore. Total income from operations stands at Rs 46.84 crore, which has decreased by 76 per cent YoY. In the last one year the shares have fallen by one per cent. However, in the last three months the scrips have plunged by 11 per cent.
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