Nucleus Software Exports Ltd Share Price – NSE  /  BSE

IT - Software, Small Cap

Net profit of Nucleus Software Exports rose 304.26% to Rs 44.59 crore in the quarter ended September 2023 as against Rs 11.03 crore during the previous quarter ended September 2022. Sales rose 57.78% to Rs 205.25 crore in the quarter ended September 2023 as against Rs 130.09 crore during the previous quarter ended September 2022.

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Nucleus Software Exports will hold a meeting of the Board of Directors of the Company on 9 November 2023.

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Nucleus Software Exports Ltd rose 3.81% today to trade at Rs 1082. The S&P BSE IT Sector index is up 0.17% to quote at 32698.17. The index is up 0 % over last one month. Among the other constituents of the index, HCL Technologies Ltd increased 1.02% and Tata Consultancy Services Ltd added 0.82% on the day. The S&P BSE IT Sector index went up 16 % over last one year compared to the 12.62% surge in benchmark SENSEX.

Nucleus Software Exports Ltd has added 3.22% over last one month compared to 0% gain in S&P BSE IT Sector index and 1.6% drop in the SENSEX. On the BSE, 8252 shares were traded in the counter so far compared with average daily volumes of 7299 shares in the past one month. The stock hit a record high of Rs 1265.5 on 04 Aug 2023. The stock hit a 52-week low of Rs 365 on 23 Dec 2022.

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Mahindra Rural Housing Finance, a subsidiary of Mahindra & Mahindra Financial Services and one of the largest rural non-banking finance companies, has gone live on FinnOne Neo™ the next-generation digital lending solution from Nucleus Software, for their retail and mortgage lending operations. The implementation was completed in under a year with zero business disruptions.

FinnOne Neo™ will digitally transform the lending landscape for Mahindra Rural Housing Finance with:

• Paperless operations from sourcing, loan disbursement to servicing.

• Enhancing business agility and to enable sustainable growth.

• Robust and automated credit decisioning for intelligent risk management.

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