Opto Circuits gains on USFDA nod for Powerheart G5 AED - The New Indian Express

Opto Circuits gains on USFDA nod for Powerheart G5 AED

Published: 20th February 2014 04:19 PM

Last Updated: 20th February 2014 04:19 PM

Opto Circuits (India) gained on Thursday after the company announced that the Powerheart G5 AED has received 510(k) market clearance from the USFDA (Food and Drug Administration), allowing the company to begin selling the AED later this year along with Powerheart G3 product line.

"This news is a testament to the commitment shown by our employees who have spent many years of developing, testing and refining the Powerheart G5 so that seasoned and first-time resucers will have the most reliable, easy-to-use AED in the US marketplace. Our product portfoilio is now the envy of the AED industry," said Vinod Ramnani, chairman and managing director, Opto Circuits (India).

Shares of the company gained Rs 1.1, or 4.37%, to trade at Rs 26.30. The total volume of shares traded was 747,409 at the BSE (2.40 p.m., Thursday). The scrip has touched an intra-day high of Rs 26.75 and low of Rs 24.95. The total volume of shares traded at the BSE is 747,409.In the earlier session, the shares gained 0.6%, or Rs 0.15, at Rs 25.20.Currently, the stock is trading down 60.06% from its 52-week high of Rs 65.85 and above 47.75% over the 52-week low of Rs 17.80.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 22.35 (1.65) (7.38) 1 Month 46.20 (25.50) (55.19) 3 Months 49.55 (28.85) (58.22) 6 Months 105.00 (84.30) (80.29) 1 Year 148.70 (128.00) (86.08) Note: Based on previous day closing price.

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