Opto Circuits rises 4% ahead of board meeting

Medical equipment maker Opto Circuits India gained 4 percent on Thursday ahead of board meeting today.

A meeting of the board of directors of the company will be held on December 20, 2012, to consider to issue of 20 lakh convertible warrants to promoter Vinod Ramnani at Rs 145 per warrant or the six month average price as on the relevant date, whichever is higher, the company says in its release.

At 10:02 hours IST, the stock rose 3.55 percent to Rs 109.45 amid large volumes on the Bombay Stock Exchange.
 
Trading volumes increased 41 percent to 308,121 shares as compared to its five day average of 218,674 shares.