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 the full story here)
Opto Circuits specialises in vital signs monitoring, emergency cardiac care, vascular treatments and sensing technologies.
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