Opto Circuits surges almost 20%

Opto Circuits (India), which is a penny stock today, is showing some action – the stock price surged almost 20% to Rs.11.14; the percentage seems like a big deal but in terms of gains in rupees, it is Rs.1.85 rise. It continues to remain firmly in the green.

The reason for this new found love for the stock is because the company and its subsidiaries have received an order worth Rs 91 crore from Philips Health Care for various products manufactured by the Opto Group of companies.

The company makes health care equipments like pulse oximeters, pulse oximeter sensors, fluid warmers, cholesterol monitors and stents. This stock typically see’s action in the pre-Budget rally as it is widely expected that the Budget gives sops to such domestic health care equipment makers.