Multibagger Small-Cap Software Firm Declares 100% Final Dividend, Do You Own?

  • Investing.com
  • Stock Market News
Multibagger Small-Cap Software Firm Declares 100% Final Dividend, Do You Own?
Credit: © Reuters.

By Malvika Gurung

Investing.com -- The software company Nucleus Software Exports (NS: NSEL ) declared a final dividend of 100% for the financial year 2022-23.

The Board of Directors of the company announced a final dividend of Rs 10 per equity share on a face value of Rs 10 each, translating to a dividend of 100% for FY23, while releasing its earnings for the quarter ended March 31, 2023.

The said final dividend is subject to the approval of the company’s shareholders at its ensuing Annual General Meeting.

The small-cap company has recommended a higher final dividend for FY23 as compared to that given in the previous year FY22.

Nucleus Software Exports announced a final dividend of Rs 7/share on a par value of Rs 10 apiece for FY22 on May 17, 2022, which was paid to eligible shareholders of the company on July 20, 2022.

Nucleus Software Exports’ shares have rallied a whopping 110.4% so far in the calendar year 2023, and have given stellar returns of over 105% in the past one year, making it a multibagger stock.

InvestingPro models appear bullish on the banking software provider stock and have an average fair value of Rs 931.03/share set on it. At Nucleus Software’s closing price on Friday, the average fair value is at a potential upside of 15%.

InvestingPro sees the most bullish fair value set on the small-cap stock at Rs 1,214/share, indicating a 50% potential upside.

Read Also: Nucleus Software Stock Locked at 20% UC, Jumps for 6th Day, Rallies 110.4% YTD

Add Chart to Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
Please try another search

Related Articles