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.



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