On June 28th, I had asked to buy ORACLE FINANCIALS (BSE: 532466, NSE: OFSS) around 2180 for a target of 2600 in 6 months. The stock climbed to 2482 on Oct 14th and had dipped due to profit booking. It closed yesterday at 2315 and is currently at 2370.
Buy on dips around 2350-2360; those wo had bought can add a little more. I am revising the target to 2700 which may be reached in March 2011. OFSS has consistent EPS increase every year and a strong business growth potential. Valuations a bit high, but that is true for all premium IT companies including Infosys and TCS.
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