Azerbaijan bank order boosts Oracle Financial

DALAL STREET SPIKES

Oracle Financial Services Software, formerly known as i-flex solutions, jumped 8.57 per cent today to close at Rs 558.30 after winning an order from Bank Respublika of Azerbaijan. The bank has selected Oracle’s financial solutions suite, Flexcube, for its core banking operations.

The stock hit an intraday high of Rs 590 and a low of Rs 521. The counter witnessed trading volumes of 28,073 shares as against its two-week average of 17,811 shares. The stock touched a 52-week high of Rs 1,664 on January 10 and a 52-week low of Rs 405 on October 27.