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Oracle Financial Services Gains 6%; BSE IT Index Up 3.7%
Wed, 6 Nov 13:10

Oracle Financial Services Gains 6%; BSE IT Index Up 3.7%Image source: Sefa Ozel/www.istockphoto.com

Oracle Financial Services share price has zoomed 6% and is presently trading at Rs 11,542.1.

Meanwhile, the BSE IT index is at 41,936.2 (up 3.7%).

Among the top gainers in the BSE IT index today are Eclerx Services (up 8.5%) and INTELLECT DESIGN (up 5.5%).

Over the last one year, Oracle Financial Services has moved up from Rs 3,978.1 to Rs 11,542.1, registering a gain of Rs 7,564.1 (up 190.1%).

On the other hand, the BSE IT index has moved up from 31,589.8 to 41,936.2, registering a gain of 32.8% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 190.1%), Firstsource Solutions (up 134.9%) and PERSISTENT SYSTEMS (up 82.5%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 80,184.2 (up 0.9%).

The top gainers among the BSE Sensex today are TCS (up 3.8%) and HCl Tech. (up 3.7%). The most traded stocks in the BSE Sensex are ITC and Tata Steel.

In the meantime, NSE Nifty is at 24,434.7 (up 0.9%). Bharat Electronics and Adani Enterprises are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,958.7 to 80,184.2, registering a gain of 15,225.6 points (up 23.4%).

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 40.1.


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