4,500 per cent dividend announced in this Low PE & High ROE stock; do you have it?

The stock is up by 12 per cent in just 1 month and over 21 per cent in 6 months.

Oracle Financial Services Software Ltd informed that the Board of Directors of the Company has declared an interim dividend of 4,500 per cent or Rs 225 per equity share of the face value of Rs 5 each for the Financial Year 2022-23. The dividend will be payable to those shareholders whose names appear in the Register of Members of the Company and as beneficial owners in the Depositories as of the close of business hours on Tuesday, May 9, 2023 ("Record Date"). 

Oracle Financial Services Software Ltd provides financial software, custom application development, consulting, IT infrastructure management and outsourced business processing services to the financial services industry. The stock has a PE of 17.87x whereas the sectoral PE is 32.20x with a ROE of 29.52 per cent & a ROCE of 35.10 per cent.

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This IT-Software company is a large-cap stock having a market cap of over Rs 31,000 crore. The company reported positive numbers in its Quarterly Results and annual results. The promoters of the company (Oracle Global Mauritius Ltd) own a maximum stake in the company (72.98 per cent) as of March 2023.  

On Monday, shares of Oracle Financial Services Software plunged 0.72 per cent to Rs 3,640.90 per share from its previous closing of Rs 3,667.20. The stock has a 52-week high of Rs 3,709.05 and a 52-week low of Rs 2,883.80.

The stock is up by 12 per cent in just 1 month and over 21 per cent in 6 months. Investors should keep this stock under the radar.