Latest news with #OracleFinancialServicesSoftware
Mint
3 days ago
- Business
- Mint
Anand Rathi stock recommendation: This IT services stock may rise over 13% in one month
Shares of Oracle Financial Services Software (OFSS), a leading IT firm catering to the banking and financial services sector, are showing signs of renewed bullish momentum, according to domestic brokerage Anand Rathi. The brokerage has issued a positive outlook on the stock, suggesting it may deliver gains of over 13 percent in the next one month, driven by a solid technical setup and improving trend indicators. Analysts at Anand Rathi note that OFSS has recently established a strong base in the ₹ 8,300–8,750 range and is now trading comfortably above the ₹ 8,800 mark. This price action is being interpreted as a sign of consolidation before a potential breakout. A particularly bullish signal comes from the inside value relationship between the monthly R1 and S1 floor Camarilla pivots—an arrangement often associated with sharp upward moves. Adding to the bullish view, the daily Relative Strength Index (RSI) has reclaimed the 50 level, a threshold commonly viewed as a pivot for upside momentum. The stock's price behaviour, combined with momentum oscillators, suggests the possibility of a sustained rally in the short term. Given the current technical strength, Anand Rathi recommends initiating long positions in OFSS within the ₹ 8,700–8,900 range. The target is set at ₹ 9,800, indicating a potential upside of over 13 percent. To manage risk, the brokerage advises a stop-loss at ₹ 8,300. Despite a subdued May where the IT stock slipped 3 percent, OFSS posted an 11 percent gain in April and rose 1 percent in March. These recent gains follow a challenging start to 2025, with the stock falling 15 percent in February and 29 percent in January. Over the past 12 months, however, the stock has gained nearly 19 percent, reflecting its long-term resilience and potential for further upside. The technical bullishness is underpinned by OFSS's strong financial performance in the March 2025 quarter. The company reported a consolidated net profit of ₹ 643.9 crore, up 19 percent quarter-on-quarter. Revenue from operations grew marginally by 0.06 percent to ₹ 1,716.3 crore. On a year-on-year basis, net profit rose 14.96 percent, while revenue increased 4.50 percent. For the full fiscal year 2024–25, OFSS reported a 7.22 percent rise in consolidated net income to ₹ 2,379.6 crore and a 7.43 percent increase in net sales to ₹ 6,846.8 crore. The board also declared a generous interim dividend of ₹ 265 per share for the year. Commenting on the results, OFSS Managing Director and CEO Makarand Padalkar said, 'Our business model, founded on customer focus, domain specialization, and global diversification, continues to deliver market success.' He noted that the company's License and Cloud Revenues grew 13 percent annually—marking the fourth straight year of double-digit growth. The company also reported an improved operating margin of 44 percent, up 180 basis points over the previous fiscal year. Overall, backed by a strong technical setup and healthy fundamentals, OFSS is showing signs of renewed momentum. With its stock price breaking out of a consolidation zone and key indicators pointing north, traders and investors with a short-term horizon may find the current levels attractive for initiating fresh long positions. As earnings growth and dividend payouts lend further support to sentiment, OFSS appears well-positioned for a potential upside in the weeks ahead. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
22-05-2025
- Business
- Business Standard
IT stocks slide as US fiscal woes cast a shadow
Shares of nine Indian IT majors declined between 0.57% and 1.93% on Wednesday, as rising concerns over the United States' fiscal health rattled investor confidence and clouded the business outlook for the sector. The Nifty IT index dropped 1.16%, closing at 37,105.65. Among the notable laggards were Persistent Systems (down 1.93%), Oracle Financial Services Software (down 1.71%), Tech Mahindra (down 1.62%), Wipro (down 1.54%), HCL Technologies (down 1.39%), Tata Consultancy Services (down 1.2%), Infosys (down 0.98%), Coforge (down 0.6%), and Mphasis (down 0.57%). Investors are wary that continued fiscal slippage could spell trouble for discretionary IT spending by US-based clients, a key revenue stream for Indian IT companies. Driving the concern is a fresh budget proposal from US lawmakers, featuring new tax cuts. Former President Donald Trump is championing an extension of his 2017 tax cuts, which analysts warn could add trillions to the federal governments already massive $36.2 trillion debt pile. The plan has sparked fears of an even wider deficit, especially as interest payments continue to soar. Adding fuel to the fire was last weeks move by Moodys to downgrade the US governments credit outlook. On May 17, the ratings agency trimmed the US rating from AAA to AA1, citing Washington's decade-long inability to rein in its rising debt and the growing cost of servicing it now markedly higher than that of peer nations. For Indian IT firms heavily reliant on the US market, these macro tremors could translate into headwinds for deal-making, client budgets, and long-term growth visibility.
Business Standard
13-05-2025
- Business
- Business Standard
Nifty below 24,850; IT shares decline
The frontline indices traded with modest losses in mid-morning trade due to profit booking, rising U.S. yields, and weak index heavyweights, despite easing U.S.-China tensions and higher crude prices. The Nifty traded below the 24,850 mark. IT stocks fell following gains in previous trading sessions, as profit booking took hold. At 11:30 IST, the barometer index, the S&P BSE Sensex, declined 469.09 points or 0.58% to 81,950.78. The Nifty 50 index slipped 129.30 points or 0.52% to 24,801.00. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.59% and the S&P BSE Small-Cap index added 1.04%. The market breadth was strong. On the BSE, 2,490 shares rose and 1,154 shares fell. A total of 187 shares were unchanged. Buzzing Index: The Nifty IT index declined 1.27% to 37,797.95. The index gained 6.70% in the past trading session. Infosys (down 2.53%), Oracle Financial Services Software (down 1.8%), HCL Technologies (down 1.77%), Wipro (down 1.5%), Tata Consultancy Services (down 1.27%), Mphasis (down 0.87%), and Persistent Systems (down 0.38%) advanced. On the other hand, LTIMindtree (up 1.21%) ,Tech Mahindra (up 1.1%) and Coforge (up 0.4%) edged higher. Stocks in Spotlight: Power Mech Projects soared 2.48% after the firm said that it has secured an order worth Rs 971.98 crore from Telangana Power Generation Corporation (TSGENCO) for the 5x800 MW Yermarus Thermal Power Station (YTPS) project. Aarti Surfactants hit an upper circuit of 10% after the companys consolidated net profit zoomed 109.03% to Rs 9.72 crore in Q4 FY25 as against Rs 4.65 crore posted in Q4 FY24. Revenue from operations surged 27.43% year on year to Rs 202.05 crore in the quarter ended 31 March 2025. HFCL rose 0.46%. The company announced that it has secured a purchase order worth Rs 157 crore for the supply of various types of optical fiber cables under the BharatNet Phase III Project in the West Bengal Telecom Circle. Global Markets: Asian stocks traded mixed on Tuesday, following a massive rally on Wall Street after the U.S. and China agreed to a trade deal. In the U.S., major indices posted significant gains. The Dow Jones Industrial Average rose 2.81%, the S&P 500 advanced 3.26%, and the Nasdaq Composite gained 4.35%, with technology stocks particularly those with exposure to China, such as Apple and Tesla leading the way. The surge in investor confidence followed a joint announcement on Monday that the U.S. and China had agreed to mutually reduce tariffs on each others goods for an initial 90-day period. Under the agreement, the U.S. will reduce its tariffs on Chinese imports from 145% to 30%, while China will lower its retaliatory tariffs from 125% to 10%. China also committed to easing certain non-tariff measures, including restrictions on rare earth exports. The agreement was the result of intensive negotiations held over the weekend in Geneva, where both sides reported "substantial progress." A joint statement emphasized the importance of developing "a sustainable, long-term, and mutually beneficial economic and trade relationship." This development marks a significant de-escalation in the prolonged trade conflict that began with the imposition of sweeping tariffs by the United States. The trade tensions had previously disrupted global supply chains, heightened market volatility, and raised concerns over a potential global recession. However, despite the positive momentum, investor focus is now shifting toward upcoming U.S. inflation data, with the Consumer Price Index (CPI) report due later Tuesday.
India Today
12-05-2025
- Business
- India Today
Infosys, HCLTech, Tech Mahindra, TCS: Why are IT stocks rising today?
Indian IT stocks rallied sharply on Monday after the United States and China struck a temporary trade truce, suspending tariffs on select goods for 90 days starting May breakthrough, following high-level talks in Geneva, lifted sentiment across global markets, particularly benefiting export-oriented sectors like information Nifty IT index surged over 6%, emerging as the top sectoral gainer on the NSE. Oracle Financial Services Software (OFSS) led the rally with a nearly 9% jump, followed by Coforge and Persistent Systems, which rose over 8% each. Blue-chip heavyweight Infosys gained close to 8%.advertisementLTIMindtree advanced just over 7%, while HCLTech, Wipro, Tech Mahindra, Mphasis, and TCS posted strong gains in the range of 4.8% to 6.3%. The broader market echoed this optimism. As of 2:54 pm, the Sensex was up 2815.41 points to 82,269.88, while the Nifty50 surged 886.40 points to 24, TRADE TRUCEUnder the trade agreement, the US will reduce tariffs on Chinese goods from 145% to 30%, while China will lower tariffs on American imports from 125% to 10%.Both countries agreed to retain a 10% base rate and suspend 24 percentage points of additional duties. China also committed to phasing out non-tariff barriers imposed since April Treasury Secretary Scott Bessent said both sides shared a desire to avoid decoupling. The dtente, which also includes ongoing discussions led by Chinese Vice Premier He Lifeng and US Trade Representative Jamieson Greer, marks a significant cooling of tensions that had rattled global cheered the move as a sign of easing geopolitical risk and a potential boost to global trade, with Indian IT firms well positioned to benefit from renewed business confidence in their largest export market.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)Tune InTrending Reel
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Business Standard
07-05-2025
- Business
- Business Standard
Last day alert! Oracle Financial Services, 3 others to go ex-date on May 8
Shares of Oracle Financial Services Software and Gravita India are expected to remain in the spotlight during today's trading session following the announcement of various corporate actions. Among these, Oracle Financial Services Software and Gravita India have announced dividend rewards for their respective shareholders, while Trans India House Impex has announced a rights issue, and Rajasthan Tube Manufacturing Company has decided to split its stock (stock split/subdivision). According to BSE data, shares of all these companies will trade ex-date tomorrow, Thursday, April 8, 2025. The ex-date refers to the date when a stock begins trading without the entitlement to dividends, rights issues, or stock splits. This means that on or after this date, the dividend, subdivision (stock split), or rights issue will not be available to new buyers of the stock. To qualify for these corporate actions, investors must own the stock before the ex-date. The companies will determine the beneficiaries based on the list of investors recorded at the end of the record date. Oracle Financial Services Software and Gravita India have announced interim dividends of ₹265 and ₹4.20 per share, respectively. Both companies have set May 8 as the record date to determine shareholder eligibility for the respective corporate actions. Company Ex-date Purpose Record Date Gravita India May 8, 2025 Interim Dividend - ₹ - 6.35 May 8, 2025 Oracle Financial Services Software May 8, 2025 Interim Dividend - ₹ - 265 May 8, 2025 Rajasthan Tube Manufacturing Company May 8, 2025 Stock Split From ₹10/- to ₹1/- May 8, 2025 Trans India House Impex May 8, 2025 Right Issue of Equity Shares May 8, 2025 Meanwhile, Rajasthan Tube Manufacturing Company has announced a split/subdivision of its existing equity shares. One equity share with a face value of ₹10 each, fully paid-up, will be subdivided into 10 equity shares with a face value of ₹1 each, fully paid-up. The company has set May 8 as the record date for this purpose. Notably, the company is currently under Enhanced Surveillance Measure (ESM: Stage 2) on the BSE. Trans India House Impex has announced a rights issue of up to 3,55,26,000 fully paid-up equity shares with a face value of ₹10 each, aggregating up to ₹49.38 crore at an issue price of ₹13.90 per rights equity share (including a premium of ₹3.90 per share). The company has set the rights entitlement ratio at 1 rights equity share of ₹10 each for every 1 equity share of ₹10 each held by eligible equity shareholders as on the record date, with the right to renounce. The record date for the rights issue is May 8, 2025, to determine shareholders entitled to receive the rights entitlement.
