Latest news with #OFSS
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Business Standard
4 days ago
- Business
- Business Standard
IT, PSU banks drag markets amid unclear Fed stance, Israel-Iran tensions
Indian equity benchmarks, Sensex and Nifty, recovered early loses and were trading flat during the afternoon session amid muted investor sentiment globally after US Federa Reserve maintained status quo on interest rates and ongoing geopolitical tensions in West Asia. Last checked, the Sensex was trading at 81,403 levels, down 41.66 points or 0.05 per cent, while the Nifty50 was at 24,799.65, down 12.40 points or 0.05 per cent. The Nifty IT index fell over 1 per cent, dragged by Oracle Financial Software Services (OFSS), LTIMindtree, Coforge, Tech Mahindra, Persistent and Mphasis falling up to 3.2 per cent. Wipro was the only gainer, up by 0.8 per cent. Among others, the Nifty PSU Bank index was down 2.2 per cent, followed by Realty, IT, and Media falling over 1 per cent each. Except for Nifty Auto, all major sectoral indices were trading lower. "This indicates the extent of uncertainty which even the US central bank is facing on the tariff policy. The Dot plots signalled two more rate cuts in 2025, which is in our base case and to which even the market has now aligned. As this policy move was widely anticipated, market reactions were muted in the equity segment," JM Financial said in a report. Akshay Chinchalkar, head of research at Axis Securities, said that the global sentiment is bearish because the chances of the US joining the Israel-Iran war have increased after President Trump's statement yesterday that all options are on the table. "The Nifty finished 41 points down yesterday but the fact that the candle had a long upper shadow means the intraday highs just under the pivotal 25,000 level were sold into aggressively, and that's not bullish behaviour. If we record a daily close below the 24750 lows against the 24,950 highs, it will increase the risk of a deeper pullback toward the low end of the 24,600 - 24,800 zone. Immediate resistance on the upside rests near yesterday's highs and should bulls break above there, the next upside objective will be 25,240," he added.
Mint
08-06-2025
- Business
- Mint
Stocks to buy for short term: From Praj Industries to Route Mobile— Jigar Patel of Anand Rathi suggests 3 stock picks
Stocks to buy for the short term: A deeper-than-expected 50 bps rate cut drove the Indian stock market benchmark Nifty 50 above the 25,000 mark on Friday, June 6. The index ended the week over a per cent higher, snapping its two-week losing run. According to Jigar S. Patel, Senior Manager of Equity Research at Anand Rathi Share and Stock Brokers, the Nifty 50 is approaching a critical resistance zone of 25,100–25,300, aligning with key Fibonacci retracement levels. Patel believes this zone may trigger profit booking and poses a risk of negative RSI divergence on the daily chart. "We remain cautious and recommend profit-booking near this zone. A decisive breakout above 25,300 could warrant a re-evaluation of our outlook," said Patel. "On the downside, 24,700 serves as immediate support, while 24,450 remains the make-or-break level for bulls. The coming week's follow-through will determine whether this bounce sustains or fizzles out," Patel said. Jigar Patel recommends buying shares of Route Mobile, Praj Industries and OFSS for the next two to three weeks. In the recent trading session, Route Mobile broke out after nearly a month of consolidation, accompanied by a significant surge in volume, indicating strong accumulation. This consolidation phase is particularly notable because it occurred within the R3–S3 zone of the monthly Camarilla pivots, establishing an inside-value relationship. This setup forms when the current month's pivots are nested within the previous month's range, often signalling a potential breakout with strong directional bias. Adding to the bullish case, the daily RSI has consistently held above the 40 level and is now positioned at 64, reflecting strengthening momentum. "We recommend a buying opportunity in the ₹ 1,000–1,030 zone, with a target price of ₹ 1,150 and a stop loss of ₹ 940 on a daily closing basis," said Patel. Route Mobile stock technical chart Praj Industries has recently completed a bullish dragon pattern, indicating the potential for a strong upward move. Complementing this setup, the monthly Camarilla pivots are displaying a higher overlapping value relationship, and price action has decisively closed above the R3 level—a clear signal of emerging bullish momentum. On the momentum front, the daily RSI has broken out after a prolonged consolidation between the 40–50 zone and now stands near 60, reinforcing the positive bias. "Initiate long positions in the ₹ 500–508 zone, with the target price of ₹ 580 and a stop loss of ₹ 465 on a daily closing basis," said Patel. Praj Industries stock technical chart OFSS has recently formed a solid base in the ₹ 8,300–8,700 range and is now trading firmly above the ₹ 8,700 mark, suggesting growing strength. What stands out technically is the presence of an inside value relationship between the monthly Camarilla R3 and S3 pivots—a structure that often precedes sharp directional moves. Adding to the bullish setup, the daily RSI has consistently held the 50 level, reflecting sustained momentum and the potential for a continued uptrend. "Enter long positions in the ₹ 8,700–8,800 zone, with the target price of ₹ 9,800 and a stop loss of ₹ 8,250 on a daily closing basis," said Patel. OFSS stock technical chart Read all market-related news here Read more stories by Nishant Kumar Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
Mint
05-06-2025
- Business
- Mint
Anand Rathi stock recommendation: This IT services stock may rise over 13% in one month
Shares of Oracle Financial Services Software (OFSS), a leading IT firm catering to the banking and financial services sector, are showing signs of renewed bullish momentum, according to domestic brokerage Anand Rathi. The brokerage has issued a positive outlook on the stock, suggesting it may deliver gains of over 13 percent in the next one month, driven by a solid technical setup and improving trend indicators. Analysts at Anand Rathi note that OFSS has recently established a strong base in the ₹ 8,300–8,750 range and is now trading comfortably above the ₹ 8,800 mark. This price action is being interpreted as a sign of consolidation before a potential breakout. A particularly bullish signal comes from the inside value relationship between the monthly R1 and S1 floor Camarilla pivots—an arrangement often associated with sharp upward moves. Adding to the bullish view, the daily Relative Strength Index (RSI) has reclaimed the 50 level, a threshold commonly viewed as a pivot for upside momentum. The stock's price behaviour, combined with momentum oscillators, suggests the possibility of a sustained rally in the short term. Given the current technical strength, Anand Rathi recommends initiating long positions in OFSS within the ₹ 8,700–8,900 range. The target is set at ₹ 9,800, indicating a potential upside of over 13 percent. To manage risk, the brokerage advises a stop-loss at ₹ 8,300. Despite a subdued May where the IT stock slipped 3 percent, OFSS posted an 11 percent gain in April and rose 1 percent in March. These recent gains follow a challenging start to 2025, with the stock falling 15 percent in February and 29 percent in January. Over the past 12 months, however, the stock has gained nearly 19 percent, reflecting its long-term resilience and potential for further upside. The technical bullishness is underpinned by OFSS's strong financial performance in the March 2025 quarter. The company reported a consolidated net profit of ₹ 643.9 crore, up 19 percent quarter-on-quarter. Revenue from operations grew marginally by 0.06 percent to ₹ 1,716.3 crore. On a year-on-year basis, net profit rose 14.96 percent, while revenue increased 4.50 percent. For the full fiscal year 2024–25, OFSS reported a 7.22 percent rise in consolidated net income to ₹ 2,379.6 crore and a 7.43 percent increase in net sales to ₹ 6,846.8 crore. The board also declared a generous interim dividend of ₹ 265 per share for the year. Commenting on the results, OFSS Managing Director and CEO Makarand Padalkar said, 'Our business model, founded on customer focus, domain specialization, and global diversification, continues to deliver market success.' He noted that the company's License and Cloud Revenues grew 13 percent annually—marking the fourth straight year of double-digit growth. The company also reported an improved operating margin of 44 percent, up 180 basis points over the previous fiscal year. Overall, backed by a strong technical setup and healthy fundamentals, OFSS is showing signs of renewed momentum. With its stock price breaking out of a consolidation zone and key indicators pointing north, traders and investors with a short-term horizon may find the current levels attractive for initiating fresh long positions. As earnings growth and dividend payouts lend further support to sentiment, OFSS appears well-positioned for a potential upside in the weeks ahead. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
News18
04-06-2025
- General
- News18
OFSS Bihar Class 11th Admission 2025: First Merit List Out, Steps To Check
Last Updated: OFSS Bihar Class 11th Admission 2025: Candidates can check the merit list on the official website of the Online Facilitation System (OFSS) at The Bihar School Examination Board (BSEB) has released the first merit list for admission to Inter or class 11 today, June 4. Candidates can check the merit list on the official website of the Online Facilitation System (OFSS) at Students selected in the first round will have to report to their allotted school or college between June 4 and June 10, to reserve their seats. Students who make it to the list will be eligible to seek admission in agriculture, arts, commerce, and science stream courses in any of the schools recognised by BSEB across the state. Admission in Bihar Board 11th class can be done till May 3, 2025. According to Bihar Board, the merit list will be prepared on the basis of students' application, marks obtained and reservation category. Schools will be allotted on this basis. The board will release three merit lists for admission. Step 1. Students have to visit the official website of BSEB OFFS. Step 2. On the homepage, click on the Bihar 11th admission first merit list. Step 3. You will be redirected to a new page that will contain the list. The required documents for OFSS class 11 admission 2025-27 in Bihar Board include the BSEB intermediate admission form, Aadhar card, School Leaving Certificate (SLC), two passport size photographs, class 10 mark sheet, caste certificate (for reserved category), and any additional documents specified by the school, along with the payment of admission fees. Students must have successfully completed the Class 10 (matriculation) or an equivalent examination from the Bihar School Examination Board, Bihar Board, CBSE Board, Indian Certificate of Secondary Education (ICSE), or any other state board approved by the Government, to be eligible for the enrollment process. First Published:
Time of India
04-06-2025
- Business
- Time of India
OFSS Bihar class 11th first merit list 2025 released at ofssbihar.net; here's how to apply
BSEB opens Class 11 admission via OFSS first merit list 2025 BSEB opens Class 11 admission 2025: The Bihar School Examination Board (BSEB) has officially released the first merit list for admission into Class 11 under the Online Facilitation System for Students (OFSS) for the academic session 2025–27. This announcement marks the beginning of the enrolment process for students seeking admission in various +2 schools across the state. According to the official notification, students who have been allotted a seat in the first merit list can complete their admission formalities from June 4, 2025 to June 10, 2025. The entire process, including seat allocation, document verification and fee payment, will be conducted at the respective +2 schools. The merit list is now available on the OFSS website, and students can log in using their registered mobile number and password to check their selection status. Key dates and enrolment schedule released BSEB has outlined a detailed schedule to ensure a smooth admission process for all stakeholders. Principals of the +2 institutions are required to update the status of enrolled students daily on the official OFSS website by June 11, 2025. Additionally, students who wish to participate in the slide-up process—allowing them to seek admission in a higher preference school—must apply between June 4 and June 10, 2025. Students not selected in the first round have also been given a window to either add new options or modify existing preferences during the same period. Important events Date Release of first merit list June 4, 2025 (11:00 AM) Admission/enrolment period June 4 to June 10, 2025 Last date for seat update by schools June 11, 2025 Slide-up application period June 4 to June 10, 2025 Option change period for non-selected students June 4 to June 10, 2025 Admission only after document verification and fee payment Admission to the allotted institutions will be confirmed only after the successful verification of documents and payment of the requisite admission fees. Students must carry their OFSS Intimation Letter 2025, which can be downloaded from the official website. The intimation letter, along with other essential documents, must be presented at the time of admission. How to check the OFSS Class 11 merit list To access the merit list, students should follow the steps below: Step 1: Visit the official website Step 2: Click on the 'INTERMEDIATE STUDENT'S LOGIN' section Step 3: Enter your registered mobile number and password Step 4: View and download the merit list PDF Step 5: Take a printout of the merit list for future reference Direct link to apply for BSEB Class 11th admissions 2025 How to apply online for admission through OFSS Bihar Class 11th First Merit List 2025 1. Visit the official website: Go to the OFSS Bihar portal at 2. Log in using your credentials: Click on the 'INTERMEDIATE STUDENT'S LOGIN' section and enter your registered mobile number and password. 3. Download the OFSS Intimation Letter: After logging in, download your OFSS Intimation Letter 2025, which contains details of your allotted school. 4. Visit the allotted +2 school: Go to the school assigned in the merit list with your intimation letter and required original documents for verification. 5. Complete admission formalities: Pay the prescribed admission fee at the school and ensure your details are updated by the school authority on the OFSS portal. Helpline for assistance In case of any technical issues or confusion regarding the admission process, students and guardians can contact the helpline number 0612-2230009. The BSEB has ensured that all relevant information, including enrolment instructions, school allocations and merit lists, are readily available on the OFSS portal. With the launch of the OFSS Bihar Class 11th First Merit List 2025, the admission process has now entered a crucial phase. Students are advised to act promptly within the specified timelines to secure their seats in their preferred +2 institutions. Ready to navigate global policies? Secure your overseas future. Get expert guidance now!
