Technical analyst Ramesh Arora has maintained 'buy' rating on Opto Circuits (India) Limited stock with a target of Rs 273.

According to analyst, the investors can purchase the stock with a stop loss of Rs 257.

The stock of the company, on January 19, closed at Rs 263.20 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 327.90 and a low of Rs 205 on BSE.

Current EPS & P/E ratio stood at 11.46 and 22.99 respectively.

Medical equipment manufacturer Opto Circuits recorded a consolidated net profit of Rs 95.67 crore for the three month period ended December 31, 2010 as against a net profit of Rs 65.68 crore during the same period of last financial year, after considering minority interest.

As the outcomes comprise the net profits recorded by Cardiac Science, a firm which it bought during December last year, the results are not comparable.

Opto's net sales during the period remained at Rs 417.65 crore as against the net sales of Rs 257.02 crore during the same period of 2009.

Opto Circuits Chairman and Managing Director, Mr. Vinod Ramnani stated that the company had an electrifying third quarter in terms of business development and extension.

"We have performed well across important segments and key geographies," he added.