Stop Dreaming About That iPhone, Instead Look At This Stock For Sweet Gains

Who's not heard of the latest iPhone. It's here. Bookings are on way. The serpentine queues are well, almost here. And the WhatsApp and social-chatter (read kidney jokes) have started pouring in.

But, to the slightly practical peeps out there, delaying that iPhone purchase, maybe just for a one, could be a wise choice.

That money invested in stocks, even for a day, could help make cool gains.

In fact, instead of eyeing the iPhone 17 base variant, investing in this particular stock could help one net a cool ₹6,000.

Elon Musk Pipped By Maverick Founder Larry Ellison Who Once Eyed Apple; Oracle Stocks Sizzle

The reported price of the iPhone 17, the base variant, was estimated at ₹82,900. Delaying this purchase to invest stocks of Oracle Financial Services could have made one a sweet ₹6,000.

Stocks of Oracle Financial Services, the Indian Subsidiary of Oracle Corporation surged by over 10% in trade on Wednesday.

For ₹82,900 (the price of the base variant of the iPhone 17), one could have purchased 8 shares, helping net a cool gain of ₹7093.2. Deducting taxes and brokerage charges would leave ₹6 to 6.5 thousand within one-trading session.

Why are stocks of Oracle Soaring?

A day ago, stocks of Oracle were in the news in India after reports of the company announcing job-cuts. However, Oracle Corporation has witnessed positive business numbers. Analysts too expressed bullishness about Cloud offerings helping this stock soar to such heights that Larry Ellison, its Co-Founder saw his personal wealth soar by $101 billion.

Globally, investors have opened up to investments in cloud businesses and thereby the cloud sector is witnessing a valuation jump.

Disclaimer: This article is solely for educational purposes.