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Oracle Financial Services Gains 6%; BSE IT Index Up 0.6%
Fri, 13 Sep 13:48

Oracle Financial Services Gains 6%; BSE IT Index Up 0.6%Image source: hudiemm/www.istockphoto.com

Oracle Financial Services share price has zoomed 6% and is presently trading at Rs 12,235.0.

Meanwhile, the BSE IT index is at 44,041.4 (up 0.6%).

Among the top gainers in the BSE IT index today are Wipro (up 3.4%) and Birlasoft (up 3.3%).

CYIENT (down 1.9%) and Firstsource Solutions (down 1.7%) are among the top losers today.

Over the last one year, Oracle Financial Services has moved up from Rs 4,396.2 to Rs 12,235.0, registering a gain of Rs 7,838.8 (up 178.3%).

On the other hand, the BSE IT index has moved up from 32,896.4 to 44,041.4, registering a gain of 33.9% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 178.3%), Firstsource Solutions (up 83.1%) and PERSISTENT SYSTEMS (up 80.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 82,876.0 (down 0.1%).

The top losers among the BSE Sensex today are ITC (down 1.3%) and MUNDRA PORT & SEZ (down 1.3%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 25,364.8 (down 0.1%). SBI LIFE INSURANCE and HDFC LIFE INSURANCE are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,127.1 to 82,876.0, registering a gain of 15,749.0 points (up 23.5%).

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 45.4.


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