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Nucleus Software declines ex-dividend

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Capital Market
Last Updated : Jun 30 2017 | 12:01 AM IST

Nucleus Software Exports fell 2.8% to Rs 329.20 at 9:49 IST on BSE after the stock turned ex-dividend today, 29 June 2017, for final dividend of Rs 5 per share for the year ended 31 March 2017.

Meanwhile, the S&P BSE Sensex was up 174.66 points, or 0.57% at 31,008.98. The S&P BSE Small-Cap index was up 168.02 points, or 1.11% at 15,329.34.

On the BSE, 1,617 shares were traded on the counter so far as against the average daily volumes of 20,974 shares in the past one quarter. The stock had hit a high of Rs 334.85 and a low of Rs 327 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 outperformed the market over the past one month till 28 June 2017, advancing 2.42% compared with the Sensex's 0.62% fall. The scrip had also outperformed the market over the past one quarter gaining 34.91% as against the Sensex's 4.84% rise. The scrip had also outperformed the market over the past one year advancing 56.15% as against the Sensex's 16.25% rise.

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

Before turning ex-dividend, the stock offered a dividend yield of 1.47% based on the closing price of Rs 338.70 yesterday, 28 June 2017.

Nucleus Software Exports' consolidated net profit rose 39.82% to Rs 22.26 crore on 0.59% increase in net sales to Rs 93.69 crore in Q4 March 2017 over Q3 December 2016.

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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: Jun 29 2017 | 9:49 AM IST

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