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

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

By Malvika Gurung

Investing.com -- Shares of Nucleus Software Exports (NS: NSEL ) hit a new 52-week high and were locked in a 20% upper circuit at Rs 809.3 apiece in the session on May 26, 2023.

The banking software services provider’s stock extended its upward streak to the sixth consecutive trading day on Friday and has jumped 30% during the period.

The small-cap stock has provided strong returns to its investors this year in 2023, as its shares have rallied a whopping 110.4% so far in the calendar year, and are up 36% in the past one month.

The company’s sharp upsurge on Friday was in response to its robust earnings performance in the quarter ended on March 31, 2023.

Nucleus Software posted a breathtaking 269.87% year-on-year jump in the March quarter to Rs 67.65 crore compared to Rs 18.29 crore in the same quarter last year, while revenue from operations grew 35.47% YoY to Rs 206.2 crore in the period.

The company’s earnings per share (EPS) soared 278.86% YoY to Rs 25.27 in Q4 FY23 from Rs 6.67 in Q4 FY22.

Nucleus Software declared a final dividend of Rs 10/share for FY23 subject to its shareholders’ approval at the AGM.

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