OFSS Share Price: Today the stock of Oracle Financial Service Software Limited has reached a record high. This year, this stock has given almost three times return. Today it is trading at Rs 12,606.85 at 9:50 am. This year it has given a profit of more than Rs 8200 per share.
Today, Oracle’s shares opened at Rs 12250 and within no time, they reached a record high of Rs 12619. In the last 5 sessions, it has registered a jump of more than 11 percent. Whereas, in the last one month, it has gained 15 percent. If we talk about its performance in the last six months, then this multibagger stock has given a return of 46 percent. In one year, it has soared by about 195 percent. Its 52-week low is Rs 3868.80.
Bernstein has identified Oracle as a “top investment idea” for those looking to capitalize on the cloud sector. The firm is optimistic about the company’s future. The firm has given Oracle’s stock an outperform rating.
Also read: Good news for the employees of this IT company, increment will be better this year
Foreign investors reduced stake
By the quarter ending June 30, the promoters’ shareholding in this company has come down to 72.71 percent as compared to 72.75 percent in the March quarter. The share of foreign investors has also come down from 6.13 percent to 5.10 percent. However, domestic institutional investors are fond of Oracle. Their shareholding has jumped from 6.86 percent to 8.09 percent. Mutual funds have a significant share in this. Their share was 6.07 percent in the March quarter, which has increased to 7.16 percent in the June quarter. Others have 14.10 percent shareholding.
(Disclaimer: Experts’ recommendations, suggestions, views and opinions are their own, not of anytv. Here only stock performance information is given, it is not an investment advice. Investment in the stock market is subject to risks and consult your advisor before investing.)