Share price of Oracle Financial Services Software, a majority-owned subsidiary of Oracle, rallied 6% to ₹10,000.50, its highest level since January 24, 2025, on the BSE in Tuesday's intra-day trade.
The Nifty IT index has corrected 27 per cent on a Y-T-D basis, in comparison, the Nifty 50 index has declined 9.5 per cent in the same period.
Analysts believe OFSS's outperformance is underpinned by relatively sustainable revenue growth, sharp margin expansion, operating leverage, and AI-driven productivity gains
Nifty IT index has fallen nearly 25 per cent year-to-date, compared with an 8.85 per cent decline in the benchmark Nifty50
Upcoming dividend stock list: Here is the complete list of stocks that will remain in the spotlight next week following their dividend announcements to shareholders as they trade ex-dividend
In Q4, Oracle Financial Services recorded a net profit of ₹841.7 crore, up 30 per cent from ₹644 crore a year ago. On a sequential basis, profit was up 38 per cent.
Individually, Oracle Financial Services Software rallied 4.4 per cent, followed by TCS, Wipro, Persistent Systems, Infosys, Mphasis and LTIMindtree up over 2 per cent
In the morning deals, the domestic currency hit a new low at 96.16 against the US dollar
OFSS share price today: Oracle Financial Services Software jumped 7 per cent after the company entered into a definitive agreement with an existing customer in the US
Indian IT firms derive a major portion of revenue from the US market, making them sensitive to changes in interest rate expectations and inflation trends
Nifty IT index: Today's rebound in IT stocks followed a sharp decline over the past six sessions, during which the index had lost 4.6 per cent
According to data, FIIs net sold shares worth ₹19,584.70 crore in the cash market, and index futures worth ₹10,100.74 crore in the F&O segment in the last three trading sessions.
Individually, HCLTech shares were up 3.57 per cent; Infosys, Tech Mahindra, TCS, and Wipro were trading over 2 per cent higher
Analysts at Geojit Investments and Choice Broking are bullish on Tech Mahindra stock, and view the current fall as a correction rather than trend reversal.
Analysts anticipate a stronger growth recovery for IT sector in FY27 compared to FY26, driven by an improvement in demand, more stable macro conditions, increased budgetary spending and deal ramp-ups.
IT companies are projected to report subdued growth in the third quarter of FY26, as ongoing pressure on discretionary spending continues to impact the sector