Get started
ORACLE FINANCIAL SERVICES SOFTORACLE FINANCIAL SERVICES SOFTORACLE FINANCIAL SERVICES SOFT

ORACLE FINANCIAL SERVICES SOFT

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Options

OFSS trade ideas

Oracle Financial Service Soln1) Breakout of 6 months bearish trend this week with large volume -- RSI also in overbought zone 2) High Delivery and OI volume in last 3 days 3) USD INR making new lows due to dollar strengthening 4) While other IT companies even Wipro made new highs, ofss has been laggard 5) 73% owned by Oracle 20% by Institutions majorly FIIs- RoE-31% but profit growth has been only 5% for last 3-4 years so stock has undermentioned 6) Revenue mix North America 38% , Europe and Middle east 31% and asia 31% 7) 80% revenue from Oracle product suites deployment primarily to banks for their customized needs - has 2700 Cr cash on balance sheet and trades at P/E 28x trailing - company has always been at premium valuation to infosys and TCS due to product nature of business and US based parent 8) Shall cross 5000 if volume sustains -- also retail float is 4-5% which should give momentum
NSE:OFSSLong
by NikunjPurohit