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Buy Opto Circuits, target of Rs 412: Justtrade.in
Justtrade.in has recommended a buy rating on Opto Circuits India with a target price of Rs 412. Opto Infrastructure, the infrastructure arm of the company, has received Government approval for setting up an SEZ in Mysore covering approx. 150 acres of land.
Justtrade.in has recommended a buy rating on Opto Circuits India with a target price of Rs 412 in its July 23, 2008 research report. "Opto Infrastructure, the infrastructure arm of the company, has received Government approval for setting up an SEZ in Mysore covering approx. 150 acres of land. OCIL has two manufacturing units in Bangalore, each of which enjoys 100% EOU status. The company is also registered with the Federal Drug Authority (FDA), USA and has ISO 9001 certification.The acquisition of EuroCor (Germany) in 2006 marked OCIL's foray into the invasive segment."
"On the basis of our research, we feel that this is a good stock to buy at the current market price of Rs 288.8. If everything goes well, the price is likely to appreciate to Rs 412, within 12-18 months, translating into a gain of about 42%," says Justtrade.in's research report.
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