Shares of Oracle Financial Services Software (OFSS) moved higher in trade, gaining over 4% to ₹6,891.50, after the company secured a large international order worth approximately ₹940 crore, even as the broader market remained under pressure.
The stock opened at ₹6,800 and touched an intraday high of ₹7,062, compared to its previous close of ₹6,599. The day’s low stood at ₹6,800, while the average traded price was ₹6,954.21. Total traded volume was recorded at 6,48,660 shares as of the last update.
According to the company’s exchange filing, the order has been awarded by a global bank headquartered in the United States. The deal involves licensing of certain software products in perpetuity along with transition services, personnel support and related deliverables.
The total consideration for the proposed transaction is estimated at around USD 100 million, equivalent to approximately ₹940 crore, subject to exchange rate fluctuations. The contract is classified as an international commercial agreement.
The execution of the deal is subject to fulfilment of certain conditions precedent on or before May 29, 2026. Following closure, the company is expected to provide transition services for a period of approximately 6 to 9 months on mutually agreed terms.
The company has also clarified that neither the promoter nor promoter group entities have any interest in the awarding entity, and the transaction does not fall under related party arrangements.
Despite weakness in the broader market, the stock saw buying interest following the announcement, supported by the scale and international nature of the order.
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