Opto Circuits surged as much as 14 per cent on Monday on reports that global investment bank Goldman Sachs may acquire a 26 per cent stake in the Bangalore-based company, which manufactures medical equipment maker. According to media reports the deal is valued at Rs. 300 crore.
As of 09.55 a.m., Opto Circuits shares traded 11.8 per cent higher at Rs. 34.60 on the BSE. The stock had earlier hit a high of Rs. 35.25. It was the most traded stock on the BSE 500 benchmark. (Track stock)
In contrast, the broader Sensex traded down 1.4 per cent or 296 points at 20,837 amid a global selloff in equities and currencies. Read more..
As of 09.55 a.m., Opto Circuits shares traded 11.8 per cent higher at Rs. 34.60 on the BSE. The stock had earlier hit a high of Rs. 35.25. It was the most traded stock on the BSE 500 benchmark. (Track stock)
In contrast, the broader Sensex traded down 1.4 per cent or 296 points at 20,837 amid a global selloff in equities and currencies. Read more..
Source: Latest Business News
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