Nucleus Software hits 5-year high, surges over 80% post Q3 results
Since January 17, the stock has rallied 84% to Rs 248 from Rs 135 on reporting a robust net profit growth in December quarter.
Nucleus Software Exports surged 9% to Rs 248, extending its nearly 10% rally in past two days, after the company said it has launched its transaction banking product suite FinnAxia for the global market.
Meanwhile, shares of the small-sized technology company has appreciated by 84% from Rs 135 on January 17, after reporting doubling of consolidated net profit at Rs 23.38 crore in the third quarter ended December 2013 (Q3). The company announced a profit of Rs 10.94 crore in September 2013 quarter and Rs 12.32 crore in a year ago quarter.
EBITDA or operating profit for the quarter increased by 57.8% to Rs 19.45 crore in comparison to Rs 12.51 crore in the corresponding quarter of previous fiscal.
Currently, the stock quoting at its highest level since June 2008, have seen huge trading volume. A combined 520,000 shares already changed hands till 1000 hours, against an average sub 500,000 shares that were traded daily in past two weeks on the BSE and NSE.
Meanwhile, shares of the small-sized technology company has appreciated by 84% from Rs 135 on January 17, after reporting doubling of consolidated net profit at Rs 23.38 crore in the third quarter ended December 2013 (Q3). The company announced a profit of Rs 10.94 crore in September 2013 quarter and Rs 12.32 crore in a year ago quarter.
EBITDA or operating profit for the quarter increased by 57.8% to Rs 19.45 crore in comparison to Rs 12.51 crore in the corresponding quarter of previous fiscal.
Currently, the stock quoting at its highest level since June 2008, have seen huge trading volume. A combined 520,000 shares already changed hands till 1000 hours, against an average sub 500,000 shares that were traded daily in past two weeks on the BSE and NSE.