Technical Setup Points to Bulish Breakout
Analysts at anand rathi note that ofss has recently established a strong base in the 8,300–8,750 range and is now trading comfortably Above The 8,800 mark. This price action is being interpreted as a sign of consolidation before a potential breakout. A Particularly Bulish Signal Comes from the Inseide Value Relationship Between The Monthly R1 and S1 Floor Camarilla Pivots – An Arrangement often Associated with Sharma.
Adding to the bulish view, the daily Relative Strength Index (RSI) Has Reclaimed The 50 Level, A Threshold Commonly Viewed as a Pivot for UPSide Momentum. The stock’s price behavior, combined with Momentum oscillators, sugges the possiblely of a a sustained raly in the short term.
Strategy and price targets
Given the current technical strength, anand rathi recommends initiating long positions in ofss with 8,700–8,900 range. The target is set at 9,800, indicating a potential upset of over 13 percent. To manage risk, the brokerage advises a stop-live 8,300.
Recent Stock Performance
Despite a subdued may where the it stock slipped 3 percent, ofss posted an 11 percent gain in April and rose 1 percent in March. These recent gains follow a challenging start to 2025, with the stock Falling 15 Percent in February and 29 Percent in January. Over the past 12 months, however, the stock has gained Nearly 19 percent, reflecting its long-term resilience and potential for furter UPSide.
Strong Q4 Earnings and Interim Dividend Boost Sentiments
The Technical Bullynss is underpinned by ofss’s Strong Financial Performance in the March 2025 Quarter. The company reported a consolidated network of 643.9 Crore, UP 19 Percent Quarter-On -Quarter. Revenue from Operations Grew Marginally By 0.06 Percent to 1,716.3 Crore. On a year-on-yaar basis, Net Profit Rose 14.96 Percent, While Revenue Increased 4.50 Percent.
For the full fiscal year 2024–25, ofss reported a 7.22 Percent Rise in Consolidated Net Income to 2,379.6 Crore and A 7.43 Percent Increase in Net Sames to 6,846.8 Crore. The board also declared a generous interim dividend of 265 per share for the year.
Commenting on the results, ofss managing director and ceo makarand padalkar said, “Our business model, founded on customer focus, domain specialization, and global diversification, contestinue Success. ” He noted that the company’s license and cloud reviews Grew 13 Percent Annually-Marking the fourth Straight Year of Double-Digit Growth. The company also also reported an improved operating margin of 44 percent, UP 180 Basis Points Over the Previous Fiscal Year.
Overall, backed by a strong technical setup and healthy fundamentals, ofss is showing signs of renewed Momentum. With its stock price breaking out of a consolidation zone and key indicators pointing north, traders and investors with a short-term Horizon May Find the Current Levels Atractive for Initiating Fresh Lonong Posions. As earnings growth and dividend payouts lend further support to send, ofss appears well-positioned for a potential upside in the weeks ahead.
Disclaimer: The views and recommendations made about individual analysts or broking companies, and not of Mint. We Advise Investors to Check With Certified Experts Before Making Any Investments Decisions.
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