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Nucleus Software Plunges 6%; BSE IT Index Down 0.1%
Thu, 22 Aug 15:4

Nucleus Software Plunges 6%; BSE IT Index Down 0.1%Image source: asbe/www.istockphoto.com

Nucleus Software share price has plunged 6% and is presently trading at Rs 1,431.6.

Meanwhile, the BSE IT index is at 42,211.9 (down 0.1%).

Among the top losers in the BSE IT index today are Firstsource Solutions (down 2.6%) and CYIENT (down 2.6%).

INFIBEAM AVENUES (up 3.7%) and Sonata Software (up 2.1%) are among the top gainers today.

Over the last one year, Nucleus Software has moved up from Rs 1,021.8 to Rs 1,431.6, registering a gain of Rs 409.8 (up 40.1%).

On the other hand, the BSE IT index has moved up from 31,180.8 to 42,211.9, 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 177.7%), INFIBEAM AVENUES (up 130.5%) and Firstsource Solutions (up 104.7%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,036.1 (up 0.2%).

The top gainers among the BSE Sensex today are Bharti Airtel (up 1.7%) and Titan (up 1.4%). The most traded stocks in the BSE Sensex are Tata Steel and Bharti Airtel.

In the meantime, NSE Nifty is at 24,810.1 (up 0.2%). Grasim Industries and Tata Consumer Products are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,216.1 to 81,036.1, registering a gain of 15,820.0 points (up 24.3%).

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 22.8.


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