Stock market analyst Ashwani Gujral has maintained 'sell' rating on Oracle Financial Services Software (OFSS) to achieve a target of Rs 1880.

According to Mr. Gujral, interested investors can buy the stock with a strict stop loss of Rs 2137.

Mr. Gujral said that after selling the stock, the interested investors can enter the stock again at a low price, for medium or long term prospective.

Shares of the company, on Tuesday (Nov 03), closed at Rs 1983.70 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 90.22 and 22.28 respectively. The share price has seen a 52-week high of Rs 2250 and a low of Rs 415 on BSE.

Oracle Financial Services Software has posted a phenomenal growth in its standalone net profit for the three month period ended Sept 30, 2009. During the period under review, the company's profit zoomed 54.44% to Rs 1,718.10 million as compared to Rs 1,112.50 million during the same quarter last year.

Net sales of the company fell 1.50% to Rs 5,366 million, where total income during the quarter dropped 1.50% to Rs 5,365.90 million.

The company recorded EPS of Rs 20.51 during the quarter, showing 54.44% growth over previous year period.

Mr. N. R. K. Raman, Managing Director and CEO, Oracle Financial Services Software Limited said, "During the three month period, we have seen noteworthy market traction across Asia Pacific and Middle East & Africa regions. We have also recorded remarkable wins for our fresher offerings including Industry Reference Model for Banking, FLEXCUBE Messaging Hub apart from Core Banking and Risk Management solutions."

"We carry on delivering greater operating performance with EPS for the first half of fiscal year 2010 up 96% over the comparable period last fiscal year," he added.