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Oracle Financial Services Gains 3%; BSE IT Index Up 1.6%
Fri, 9 Aug 9:20

Oracle Financial Services Gains 3%; BSE IT Index Up 1.6%Image source: DNY59/www.istockphoto.com

Oracle Financial Services share price has zoomed 3% and is presently trading at Rs 10,363.7.

Meanwhile, the BSE IT index is at 39,842.0 (up 1.6%).

Among the top gainers in the BSE IT index today are KPIT TECHNOLOGIES (up 2.3%) and HCl Tech. (up 2.0%).

Mastek (down 1.7%) and INDIAMART INTERMESH are among the top losers today.

Over the last one year, Oracle Financial Services has moved up from Rs 3,959.6 to Rs 10,363.7, registering a gain of Rs 6,404.2 (up 161.7%).

On the other hand, the BSE IT index has moved up from 31,109.7 to 39,842.0, registering a gain of 28.1% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 161.7%), INFIBEAM AVENUES (up 130.4%) and Firstsource Solutions (up 95.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,984.2 (up 1.4%).

The top gainers among the BSE Sensex today are Ultratech Cement (up 2.2%) and M&M (up 2.1%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,386.9 (up 1.1%). Eicher Motor and ONGC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,953.5 to 79,984.2, registering a gain of 14,030.8 points (up 21.3%).

Oracle Financial Services Financial Update...

Oracle Financial Services net profit grew 23.1% YoY to Rs 6,167 million for the quarter ended June 2024, compared to a profit of Rs 5,010 million a year ago. Net sales rose 19.1% to Rs 17,414 million during the period as against Rs 14,624 million in April-June 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 38.5.


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