Latest Stock Market News

Oracle Financial Services Software (OFSS) experienced a significant surge of 11.4% in its shares over the past two days. This rise followed strong earnings reported by its parent company, Oracle Corporation, in the United States.

Promoters held 46.09 per cent stake in the company as of 31-Mar-2024, while FII and DII ownership stood at 20.26 per cent and 14.99 per cent, respectively.

A total of 31,154 shares changed hands on the counter till 01:28PM (IST).

The stock quoted a 52-week high of Rs 233.0 and a 52-week low of Rs 103.2.

The Nifty Realty index closed 0.04 per cent down at 1095.4.

Amidst new U.S. sanctions on Russia, the rouble plummeted to a three-week low against the dollar on the interbank market, triggering speculative positions by some banks before the official bidding commenced, with the dollar reaching a low of 91.4955.

A total of 29,110 shares changed hands on the counter till 12:37PM (IST).

As of 31-Mar-2024, promoters held 0.0 per cent stake in the company, while FIIs held 8.78 per cent and domestic institutional investors had 3.55 per cent.

The stock traded at a P/E multiple of 21.26, while the price-to-book value ratio stood at 2.87.

Top brokerage firms like Motilal Oswal, Jefferies, and Morgan Stanley have issued buy ratings and targets for Mankind Pharma, Nykaa, Tata Consumer, and Varun Beverages.