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Oracle Financial Services Gains 5%; BSE IT Index Up 0.3%
Tue, 3 Sep 14:24

Oracle Financial Services Gains 5%; BSE IT Index Up 0.3%Image source: Sefa Ozel/www.istockphoto.com

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%).

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What About the Benchmark Indices?

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 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 42.6.


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