Scripscan:Opto Circuits India Ltd
cmp:84
Traded in:Nse-bse
Story:OCL has a promising growth potential. It has shown fantastic results. It is expanding and increasing its acquisitions. It has seven subsidiaries in all and has a large client base. It is making efforts to expand more and increase its client base in the coming future. It has a strong distribution network. Acquisition of companies has made its distribution network stronger.With the improvement in lifestyle of people, expenditure in medical care is increasing, showing good prospects for the medical sector companies. The Company is also putting up their own manufacturing facility in SEZ near Mysore. It has recently received approval from US Food and Drug Administration (US FDA) to market two of the company’s product in the country. The company’s subsidiary, Mediaid Inc, has received approval from the US FDA for marketing its vital sign monitoring products in the US. OCL has shown a good financial performance for the FY’08 and for the second quarter FY’09. The mid cap stock is an attractive investment, taking into consideration the expansion, acquisition and growth of the company. It is expected to have an annualized EPS of around Rs 15.8 per share for FY09. At CMP of Rs 84, it trades at a P/E of just 5.4.Altogether a great buy.
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