Here I Go

Hello friends, its been observed that trying to concentrate on too many things at a time won't help to achieve a desired result.Same is the case with investment and other facets of life. So now on, will be concentrating on single good Company as I have said in my previous blog. Hence forth, will be concentrating solely on this Good Company, where I will be suggesting the reversal in the trend along with the levels where one should GET-IN and GET-OUT of the said Company. Have used the word "GOOD Company" as I find this Company interesting on the basis of criteria, which I have selected.
                  The Company, which I recommend is "OPTO CIRCUIT (INDIA) LTD". The Company belongs to Pharma Sector and is included in S&P CNX500, NIFTY MIDCAP50, CNX MIDCAP, CNX100.

( in cr' ) FY'11 FY'10 FY'09 FY'08 FY'07 Sales Turnover 603.2 471.5 401.23 328.69 201.64 Reserves 876.43 653.85 240.51 221.34 149.59 PAT 244.38 147.04 139.93 118.79 72.18 Total Debt 724.01 194.6 513.53 88.23 49.25 Book Value 57.02 45.75 24.9 33.5 34.28 EPS 13.11 8.04 8.67 12.61 11.71 Debt-Equity Ratio 0.68 0.23 1.28 0.28 0.23 Face Value (Rs.) 10 10 10 10 10 Dividend (%) 45 40 40 50 50 Bonus 3:10 --- --- 7:10 1:02

                                                          (Source – www.moneycontrol.com)

Share Holding As on 31st March 2012
Promoter & Promoter Group -  28.12%
Institutions  -  38.71%
Non-institutions  - 33.17%
                           (Source – www.nseindia.com)

Last week OPTO CITCUIT (CMP - 161.25) had given a sharp turn-around from a level of 151.75 (on Closing basis). One can get in at a current level of 161.25 with a STL of 158 for a target of 165.5.You may even see a level of 169.5. Its in an Uptrend so one may hold on to it. Enjoy !!!

(Note - The views given are entirely based on my knowledge. Any loss or damage caused is entirely at the  followers own risk.)