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.
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Opto Circuits is working towards improving its footprint in the domestic market by participating in the Make in India initiative, says CMD Vinod Ramnani in an interview to CNBC-TV18.
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The move is to consolidate all subsidiaries of the company in order to focus on the core business, says Vinod Ramani, CMD of Opto Circuits.
"Shareholders, in 24th annual general meeting on September 7, have approved issue of further shares on preferential basis to promoters and associates," the medical equipment maker said in its filing.
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Vinod Ramnani, CMD, Opto Circuits told CNBC-TV18 that the new catheter would help them gain market share because as of now, only 2-3 companies make this product. So, there is huge opportunity for this.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today.
"Eurocor today announced that the Freeway - Shunt Ballon Catheter will be launched for arteriovenous (AV) access to help patients with end-stage renal disease," says the medical equipment manufacturer in its filing.
Jay Thakkar of Sharekhan recommends buying Bharat Electronics with a target of Rs 1223 and Tata Elxsi with a target of Rs 2091.
Sandeep Wagle of powermywealth.com is of the view that one may exit Opto Circuits India.
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