The shares of Oracle Financial Services Software Ltd (OFSSL), which hit their 52- week high on both the NSE and BSE today on the back of rumours that the company may opt to delist its shares, caved in later after the company came out with a clarification that it was not aware of any such development.

On the BSE, the share touched its 52-week high of Rs 2,660.85 and on the NSE, the 52-week high reached was Rs 2,662.50 today.

But the company, referring to reports of share price moving up on delisting buzz, said that it was "not aware of any such developments" and clarified that "there is no such communication received or issued by the company in this regard".

The share shed Rs 37.05 to trade at Rs 2,546 on the BSE. On the NSE, the loss was sharper with the stock diving by Rs 101.65 to trade at Rs 2,482.25. While on the BSE, the trading volume was around 2.07 lakh shares, on the NSE, it was around 8.07 lakh shares.

(This article was published on February 27, 2012)
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