Nucleus Software share price has plunged 14% and is presently trading at Rs 1,298.0.
Meanwhile, the BSE IT index is at 39,803.8 (down 2.0%).
Among the top losers in the BSE IT index today are Coforge (down 4.3%) and Firstsource Solutions (down 3.6%).
INFIBEAM AVENUES (up 1.3%) is among the top gainers today.
Over the last one year, Nucleus Software has moved up from Rs 1,116.5 to Rs 1,298.0, registering a gain of Rs 181.6 (up 16.3%).
On the other hand, the BSE IT index has moved up from 30,586.1 to 39,803.8, registering a gain of 30.1% during the last 12 months.
The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 162.3%), INFIBEAM AVENUES (up 117.1%) and Firstsource Solutions (up 94.9%).
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The BSE Sensex is at 79,511.8 (down 1.8%).
The top losers among the BSE Sensex today are Tata Motors (down 4.2%) and JSW Steel (down 3.3%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.
In the meantime, NSE Nifty is at 24,271.9 (down 1.8%). Tata Motors and Hindalco are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 66,459.3 to 79,511.8, registering a gain of 13,052.5 points (up 19.6%).
Nucleus Software net profit fell 43.6% YoY to Rs 302 million for the quarter ended June 2024, compared to a profit of Rs 536 million a year ago. Net sales declined 5.5% to Rs 1,954 million during the period as against Rs 2,068 million in April-June 2023.
For the year ended March 2024, Nucleus Software reported 49.9% increase in net profit to Rs 1,916 million compared to net profit of Rs 1,278 million during FY23. Revenue of the company grew 30.3% to Rs 8,265 million during FY24.
The current Price to earnings ratio of Nucleus Software, based on rolling 12 month earnings, stands at 20.7.
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