Nucleus Software declines after weak Q1 earnings

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Capital Market
Last Updated : Jul 22 2017 | 12:01 AM IST

Nucleus Software Exports fell 4.93% to Rs 293 at 9:57 IST on BSE after consolidated net profit fell 43.57% to Rs 11.51 crore on 0.67% increase in net sales to Rs 94.32 crore in Q1 June 2017 over Q4 March 2017.

The result was announced after market hours yesterday, 20 July 2017.

Meanwhile, the S&P BSE Sensex was up 122.01 points, or 0.38% at 32,026.41. The S&P BSE Small-Cap index was up 52.06 points, or 0.33% at 16,051.94.

On the BSE, 3,664 shares were traded on the counter so far as against the average daily volumes of 18,199 shares in the past one quarter. The stock had hit a high of Rs 302.05 and a low of Rs 293.65 so far during the day. The stock had hit a 52-week high of Rs 343.90 on 22 May 2017 and a 52-week low of Rs 171 on 29 September 2016.

The stock had underperformed the market over the past one month till 20 July 2017, declining 9.3% compared with the Sensex's 1.94% rise. The scrip had, however, outperformed the market over the past one quarter advancing 13.25% as against the Sensex's 8.44% rise. The scrip had also outperformed the market over the past one year advancing 44.97% as against the Sensex's 14.29% rise.

The small-cap company has equity capital of Rs 32.38 crore. Face value per share is Rs 10.

Nucleus Software Exports is the leading provider of lending and transaction banking products to the global financial services industry.

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First Published: Jul 21 2017 | 10:00 AM IST

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