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Nucleus Software Gains 6%; BSE IT Index Up 0.0%
Wed, 21 Aug 10:7

Nucleus Software Gains 6%; BSE IT Index Up 0.0%Image source: Chunumunu/www.istockphoto.com

Nucleus Software share price has zoomed 6% and is presently trading at Rs 1,480.0.

Meanwhile, the BSE IT index is at 42,222.5 .

Among the top gainers in the BSE IT index today are Mastek (up 3.2%) and INFIBEAM AVENUES (up 2.0%).

Sonata Software (down 0.9%) and Tech Mahindra (down 0.5%) are among the top losers today.

Over the last one year, Nucleus Software has moved up from Rs 1,021.8 to Rs 1,480.0, registering a gain of Rs 458.2 (up 44.8%).

On the other hand, the BSE IT index has moved up from 31,180.8 to 42,222.5, registering a gain of 35.4% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 178.3%), INFIBEAM AVENUES (up 124.3%) and Firstsource Solutions (up 107.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,708.4 (down 0.1%).

The top losers among the BSE Sensex today are Ultratech Cement (down 1.9%) and ICICI Bank (down 0.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,697.8 . Ultratech Cement and ICICI Bank are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,216.1 to 80,708.4, registering a gain of 15,492.3 points (up 23.8%).

Nucleus Software Financial Update...

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 23.6.


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