Oracle Financial Services share price has zoomed 5% and is presently trading at Rs 11,473.7.
Meanwhile, the BSE IT index is at 43,763.6 (up 0.3%).
Among the top gainers in the BSE IT index today are INDIAMART INTERMESH (up 2.0%) and PERSISTENT SYSTEMS (up 1.9%).
INTELLECT DESIGN (down 0.8%) and Infosys (down 0.4%) are among the top losers today.
Over the last one year, Oracle Financial Services has moved up from Rs 4,038.0 to Rs 11,473.7, registering a gain of Rs 7,435.7 (up 184.1%).
On the other hand, the BSE IT index has moved up from 31,467.7 to 43,763.6, registering a gain of 39.1% during the last 12 months.
The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 184.1%), INFIBEAM AVENUES (up 110.9%) and PERSISTENT SYSTEMS (up 104.8%).
Must See: These Segments are Witnessing Incredible Growth with Modi's Push
The BSE Sensex is at 82,527.3 .
The top losers among the BSE Sensex today are Bajaj Finance (down 2.8%) and Bajaj Finserv (down 1.0%). The most traded stocks in the BSE Sensex are Kotak Bank and Tata Steel.
In the meantime, NSE Nifty is at 25,268.4 . Bajaj Finance and IOC are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 65,087.3 to 82,527.3, registering a gain of 17,440.0 points (up 26.8%).
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 42.6.
Equitymaster requests your view! Post a comment on "Oracle Financial Services Gains 5%; BSE IT Index Up 0.3%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!