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Oracle Financial Services Gains 5%; BSE IT Index Up 1.0%
Mon, 2 Dec 15:51

Oracle Financial Services Gains 5%; BSE IT Index Up 1.0%Image source: phive2015/www.istockphoto.com

Oracle Financial Services share price has zoomed 5% and is presently trading at Rs 12,285.0.

Meanwhile, the BSE IT index is at 43,218.1 (up 1.0%).

Among the top gainers in the BSE IT index today are INTELLECT DESIGN (up 6.6%) and HAPPIEST MINDS TECHNOLOGIES (up 6.2%).

KPIT TECHNOLOGIES (down 1.9%) and Firstsource Solutions (down 0.4%) are among the top losers today.

Over the last one year, Oracle Financial Services has moved up from Rs 4,017.8 to Rs 12,285.0, registering a gain of Rs 8,267.3 (up 205.8%).

On the other hand, the BSE IT index has moved up from 32,787.7 to 43,218.1, registering a gain of 31.8% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 205.8%), Firstsource Solutions (up 116.4%) and PERSISTENT SYSTEMS (up 87.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,248.1 (up 0.6%).

The top gainers among the BSE Sensex today are Ultratech Cement (up 3.9%) and JSW Steel (up 2.5%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,275.3 (up 0.6%). Ultratech Cement and APOLLO HOSPITALS are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,174.2 to 80,248.1, registering a gain of 14,073.9 points (up 21.3%).

Oracle Financial Services Financial Update...

Oracle Financial Services net profit grew 38.4% YoY to Rs 5,777 million for the quarter ended September 2024, compared to a profit of Rs 4,174 million a year ago. Net sales rose 15.9% to Rs 16,739 million during the period as against Rs 14,445 million in July-September 2023.

For the year ended March 2024, Oracle Financial Services reported 22.9% increase in net profit to Rs 22,194 million compared to net profit of Rs 18,061 million during FY23. Revenue of the company grew 11.8% to Rs 63,730 million during FY24.

The current Price to earnings ratio of Oracle Financial Services, based on rolling 12 month earnings, stands at 42.7.


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