OPTO CIRCUIT - RESULT UPDATE

I have recommended a BUY on Opto Circuit @ Rs.260/- ( Old Report HERE) which is currently trading @ Rs.295/-. Yesterday company reported  robust performance in fourth quarter.Its turnover in fourth qtr is Rs.545 Cr v/s Rs.335 Cr and net profit jumped to Rs.111 Cr v/s Rs.66 Cr. In the full year ,company posted a sales of Rs.1077 Cr and a net profit of Rs.260 Cr . Management again proved its investor friendly approach by declaring a dividend of  45 % . A Superb performance again .HOLD it

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