Nucleus Software Exports rose 1.71% to Rs 196 at 12:19 IST on BSE after the company announced the release of FinnAxia 3.0, the latest version of its next-generation integrated transaction banking product suite.
The announcement was made during market hours today, 9 March 2016.Meanwhile, the BSE Sensex was down 75.53 points, or 0.31%, to 24,583.70
On BSE, so far 7,735 shares were traded in the counter, compared with an average volume of 17,684 shares in the past one quarter. The stock hit a high of Rs 197 and a low of Rs 190 so far during the day. The stock hit a 52-week high of Rs 353 on 28 July 2015. The stock hit a 52-week low of Rs 145.20 on 29 February 2016. The stock had underperformed the market over the past one month till 8 March 2016, falling 4.32% compared with gains of 1.53% in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 28.12% as against Sensex's 2.57% fall.
The small-cap company has an equity capital of Rs 32.38 crore. Face value per share is Rs 10.
Nucleus Software Exports said that FinnAxia 3.0 will enable banks to eliminate multiple siloed applications and includes a Direct Debit solution based on internationally accepted messaging standards which makes it compliant with the major payments and settlement systems across the globe including the SEPA Direct Debit Mandate (SOD) in Europe and National Automated Clearing House (NACH) in India. FinnAxia 3.0 also comes with sophisticated cash forecasting capability which allows the banks to make better- informed decisions and ensure availability of the right amount of funds at right time and right place thus enhancing its working capital management, Nucleus Software Exports said. It provides a single view of the customer to the bank across all its branches for pending actions and supports partial and full invoice reconciliation with all payment types (cash, electronic and paper), the company said. The solution's modular and open architecture allowing seamless interfacing with third party anti-money laundering systems to help banks detect payment related frauds in real-time, it added.
Nucleus Software Exports' consolidated net profit rose 54.4% to Rs 7.01 crore on 2.1% rise in net sales to Rs 86.46 crore in Q3 December 2015 over Q2 September 2015.
More From This Section
Nucleus Software Exports provides lending and transaction banking software products to the global financial services industry.
Powered by Capital Market - Live News