ORACLE FINANCIAL Surges by 6%; BSE IT Index Up 3.5%

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ORACLE FINANCIAL Surges by 6%; BSE IT Index Up 3.5%
Thu, 26 Mar 01:04 PM

ORACLE FINANCIAL share price has zoomed 6% and is presently trading at Rs 1,780.

Meanwhile, the BSE IT Index is at 12,861 (up 3.5%).

Among the top Gainers in the BSE IT Index today are ORACLE FINANCIAL (up 5.6%) and INFOSYS (up 6.2%).

MPHASIS (down 2.4%) and NIIT TECHNOLOGIES (down 3.3%) are among the top losers today.

Over the last one year, ORACLE FINANCIAL has moved down from Rs 3,349 to Rs 1,780, registering a loss of Rs 1,569 (down 48.3%).

On the other hand, the BSE IT has moved down from 15,109 to 12,861, loss of 2,248 points (down 15.8%) during the last 12 months.

Revealed: 3 Stocks for Potentially Massive Gains

What About the Benchmark Indices?

The BSE Sensex is at 30,100 (up 5.1%).

The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 46.9%), AXIS BANK (up 18.4%) and ICICI BANK (up 10.5%). Other gainers include HDFC (up 9.5%) and BAJAJ FINANCE (up 9.4%). The most traded stocks in the BSE Sensex are L&T and SBI.

In the meantime, NSE Nifty is at 8,749 (up 4.8%). The top gainers in the NSE Nifty include INDUSIND BANK (up 47.2%), AXIS BANK (up 18.4%) and UPL (up 12.8%). Other gainers include ICICI BANK (up 10.3%) and BAJAJ FINANCE (up 9.4%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 37,809 to 30,100, registering a loss of 7,709 points (down 20.70%).

ORACLE FINANCIAL Financial Update...

ORACLE FINANCIAL net profit stood at Rs 5 billion for the quarter ended December 2019, compared to a profit of Rs 3 billion a year ago. Net Sales declined 2.2% to Rs 11.6 billion during the period as against Rs 11.9 billion in October-December 2018.

For the year ended March 2017, ORACLE FINANCIAL 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, based on rolling 12 month earnings, stands at 10.8x.

What else is happening in the markets today? Dig in...

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Apr 12, 2021 09:23 AM