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Nucleus Software declines after weak Q1 earnings

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Capital Market
Last Updated : Jul 22 2017 | 12:01 AM IST

Nucleus Software Exports fell 4.93% to Rs 293 at 9:57 IST on BSE after consolidated net profit fell 43.57% to Rs 11.51 crore on 0.67% increase in net sales to Rs 94.32 crore in Q1 June 2017 over Q4 March 2017.

The result was announced after market hours yesterday, 20 July 2017.

Meanwhile, the S&P BSE Sensex was up 122.01 points, or 0.38% at 32,026.41. The S&P BSE Small-Cap index was up 52.06 points, or 0.33% at 16,051.94.

On the BSE, 3,664 shares were traded on the counter so far as against the average daily volumes of 18,199 shares in the past one quarter. The stock had hit a high of Rs 302.05 and a low of Rs 293.65 so far during the day. The stock had hit a 52-week high of Rs 343.90 on 22 May 2017 and a 52-week low of Rs 171 on 29 September 2016.

The stock had underperformed the market over the past one month till 20 July 2017, declining 9.3% compared with the Sensex's 1.94% rise. The scrip had, however, outperformed the market over the past one quarter advancing 13.25% as against the Sensex's 8.44% rise. The scrip had also outperformed the market over the past one year advancing 44.97% as against the Sensex's 14.29% rise.

The small-cap company has equity capital of Rs 32.38 crore. Face value per share is Rs 10.

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Nucleus Software Exports is the leading provider of lending and transaction banking products to the global financial services industry.

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First Published: Jul 21 2017 | 10:00 AM IST

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