BOR: Open offer buzz lifts Oracle Financial

BUY Oracle Financial Services Software Ltd: 1trgt is at 792, 2 Trgt 930, with SL of 650 CMP: 728...(Heard on street Open offer @ Rs 1000 Per share)…

The stock has been defying the downtrend in the IT sector as well as in the broader market. On Tuesday, the stock gained nearly 4% to close at Rs 701, supported by good volumes. Buzz that the parent company is likely to make an open offer for Rs 1,000 per share has been getting louder in the past few days.