Nucleus Software rises after winning contract

Nucleus Software Exports rose 1.77% to Rs 305.50 at 10:26 IST on BSE after the company said won a contract from a Jaipur-based NBFC to digitise its lending business.

The announcement was made during trading hours today, 28 September 2017.

Meanwhile, the S&P BSE Sensex was up 62.14 points, or 0.20% to 31,221.95.

On the BSE, 1,097 shares were traded in the counter so far, compared with average daily volumes of 8,912 shares in the past two weeks. The stock had hit a high of Rs 309.10 and a low of Rs 299.50 so far during the day.

Nucleus Software Exports, the leading provider of lending and transaction banking solutions to the global financial services industry, announced that Finova Capital, a Jaipur-based non-banking financial company (NBFC), has selected FinnOne Neo Cloud, the loan life cycle management solution, to digitise its lending business.

Founded in 2015, Finova Capital offers business loans to lower income segments in rural and urban areas. Finova Capital has chosen Nucleus Software's FinnOne Neo Cloud to set up a completely automated and paperless loan processing capability.

Nucleus Software Exports' consolidated net profit fell 43.57% to Rs 11.51 crore on 0.67% rise in net sales to Rs 94.32 crore in Q1 June 2017 over Q4 March 2017.

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

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