Nucleus Software Exports gains after announcing launch of mobile loan self-sourcing solution

Nucleus Software Exports rose 1.57% to Rs 206.50 at 11:32 IST on BSE after the company announced the launch of 'mApply', an innovative mobile solution that enables Australian consumers to apply for loans in minutes.

The announcement was made during market hours today, 1 June 2016.

Meanwhile, the BSE Sensex was up 179.16 points, or 0.67%, to 26,847.12

On BSE, so far 1,476 shares were traded in the counter, compared with an average volume of 16,532 shares in the past one quarter. The stock hit a high of Rs 207.70 and a low of Rs 205 so far during the day. The stock hit a 52-week high of Rs 353 on 28 July 2015. The stock hit a 52-week low of Rs 145.20 on 29 February 2016. The stock had underperformed the market over the past one month till 31 May 2016, rising 1.09% compared with Sensex's 4.14% gains. The scrip, however, outperformed the market in past one quarter, gaining 34.64% as against Sensex's 15.94% gains.

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

Nucleus Software Exports today, 1 June 2016 announced the Australian release of its mobile loan self-sourcing solution - mApply. Bank customers in Australia are among the world's fastest adopters of mobile banking, which has now overtaken online banking as the primary channel for customer interaction. mAapply helps banks digitize their loan origination lifecycle. mApply enables the bank's customers and mortgage brokers to view pre-approved loan offers from the bank, select the best offer and submit a paperless loan application within minutes. With mApply, banks can easily enhance their business reach, cut down their time to market, cross sell new products and drastically reduce the cost of loan origination. This process can be easily completed on mobile without any need to visit the bank branch.

Nucleus Software Exports' consolidated net profit rose 101.42% to Rs 14.12 crore on 6.62% rise in total income to Rs 98.23 crore in Q4 March 2016 over Q3 December 2015.

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

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