ORACLE FINANCIAL SERVICES Plunges by 6%; BSE IT Index Down 0.6%
September 18, 2018 02:47 PM

ORACLE FINANCIAL SERVICES share price has plunged 6% and is presently trading at Rs 4,534.

Meanwhile, the BSE IT Index is at 15,794 (down 0.6%).

Among the top losers in the BSE IT Index today is ORACLE FINANCIAL SERVICES (down 5.8%).

WIPRO (up 0.6%) and HCL TECH. (up 0.1%) are among the top gainers today.

Over the last one year, ORACLE FINANCIAL SERVICES has moved up from Rs 3,573 to Rs 4,534, registering a gain of Rs 961 (up 26.9%)..

The BSE IT has moved up from 10,111 to 15,794, registering a gain of 5,683 points (up 56.2%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were NIIT TECHNOLOGIES (up 160.4%), SONATA SOFTWARE (up 159.1%) and L&T INFOTECH LTD (up 144.5%).

What About the Benchmark Indices?

The BSE Sensex is at 37,745 (down 0.4%). The top gainers among the BSE Sensex stocks today are HIND. UNILEVER (up 3.7%), YES BANK (up 2.2%) and ONGC (up 1.3%). Other gainers include ASIAN PAINTS (up 0.8%) and M&M (up 0.6%). The most traded stocks in the BSE Sensex are YES BANK and WIPRO.

In the meantime, NSE Nifty is at 11,411 (down 0.4%). HIND. UNILEVER (up 3.6%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,424 to 37,745, registering a gain of 5,321 points (up 15.5%).

ORACLE FINANCIAL SERVICES Financial Update...

ORACLE FINANCIAL SERVICES net profit stood at Rs 4 billion for the quarter ended June 2018, compared to a profit of Rs 3 billion a year ago. Net Sales rose 27.0% to Rs 13.4 billion during the period as against Rs 10.6 billion in April-June 2017.

For the year ended March 2017, ORACLE FINANCIAL SERVICES reported 16.6% increase in net profit to Rs 12.5 billion compared to net profit of Rs 10.7 billion during FY16.

Revenue of the company grew 7.1% to Rs 44 billion during FY17.

The current Price to earnings ratio of ORACLE FINANCIAL SERVICES, based on rolling 12 month earnings, stands at 31.7x.