Opto Circuits Board recommends 50% Dividend, 7:10 Bonus

Opto Circuits India Ltd has announced that the Board of Directors of the Company at its meeting held on May 27, 2008, inter alia, have recommended payment of 50% Dividend, subject to Share Holders Approval in the Annual General Meeting.The Board also recommended to issue Bonus Shares of 7 shares for every 10 shares held, subject to Share Holder approval in the Annual General Meeting.The stock was trading at Rs.352.50, up by Rs.19.80 or 5.95%. The stock hit an intraday high of Rs.353.75 and low of Rs.324.The total traded quantity was 287229 compared to 2 week average of 27676.