Meanwhile, the BSE Sensex was down 161.43 points, or 0.80%, to 19,900.81.
On BSE, 74,000 shares were traded in the counter as against an average daily volume of 40,714 shares in the past one quarter.
The stock hit a high of Rs 2,673.05 and a low of Rs 2,550 so far during the day. The stock had hit a record high of Rs 3,414 on 10 January 2013. The stock had hit a 52-week low of Rs 2,350 on 22 May 2013.
The stock had underperformed the market over the past one month till 22 May 2013, sliding 2.66% compared with the Sensex's 4.66% rise. The scrip had also underperformed the market in past one quarter, falling 17.71% as against Sensex's 3.86% rise.
The large-cap IT company has an equity capital of Rs 42.03 crore. Face value per share is Rs 5.
Oracle Global (Mauritius), one of the company's promoters, on Wednesday, 22 May 2013, offered 44.30 lakh shares in the company through the Offer for Sale (OFS) window on stock exchanges. The floor price of each scrip was set at Rs 2,275. The offer opened on Wednesday, 22 May 2013, at 9:15 IST and closed on the same day at 15:30 IST.
The OFS was oversubscribed 3.9 times. It received bids for 1.73 crore shares at indicative price of Rs 2,386.60 per share against floor price of Rs 2,275 per share, data from BSE showed.
The bids at or above the clearing price of Rs 2,420 have been considered for allocation, Oracle Financial Services Software said.
Promoters of Oracle Financial Services Software (Oracle) held 80.27% stake in the company at the end of March 2013. Post share sale, the overall stake held by promoter and promoter group entities would be 75%. According to Sebi norm, private sector listed companies need to have minimum 25% public shareholding by 30 June 2013.
On a consolidated basis, Oracle Financial Services Software's net profit jumped 45% to Rs 281.30 crore on 2% increase in total revenue to Rs 881.50 crore in Q4 March 2013 over Q4 March 2012.
Oracle Financial Services Software is a world leader in providing products and services to the financial services industry and is a majority-owned subsidiary of Oracle Corporation.
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