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Shares of Nucleus Software Exports have surged 19% to Rs 265, extending Friday’s 13% rally on the BSE, after the information technology (IT) company reported a strong 63% quarter-on-quarter growth in operating profit at Rs 24.75 crore for the fourth quarter ended March 2015 (Q4). The company had reported operating profit of Rs 15.15 crore in the December 2014 quarter.
The net profit during the quarter under review grew by 5% at Rs 20.64 crore sequentially on account of higher tax outgo and lower other income. Operational income increased by 17% at Rs 109 crore over the previous quarter.
The counter has seen more than a two-fold jump in trading volumes, with a combined 1.04 million shares changing hands on the NSE and BSE so far.
At 0956 hours, the stock was up 14% at Rs 254 on the BSE.
The net profit during the quarter under review grew by 5% at Rs 20.64 crore sequentially on account of higher tax outgo and lower other income. Operational income increased by 17% at Rs 109 crore over the previous quarter.
The counter has seen more than a two-fold jump in trading volumes, with a combined 1.04 million shares changing hands on the NSE and BSE so far.
At 0956 hours, the stock was up 14% at Rs 254 on the BSE.
