Nucleus Software Exports jumped 9.88% to Rs 312.05 at 10:40 IST on BSE after consolidated net profit rose 39.87% to Rs 22.26 crore on 0.58% rise in net total income from operations to Rs 93.69 crore in Q4 March 2017 over Q3 December 2016.
The result was announced after market hours yesterday, 25 April 2017.
The stock has jumped 19.9% in five sessions to its ruling price of Rs 312.05, from a close of Rs 260.25 on 19 April 2017.
Meanwhile, the S&P BSE Sensex was up 153.79 points, or 0.51% to 30,097.03. The S&P BSE Small-Cap index was up 72.15 points, or 0.47% to 15,452.04.
Huge volumes were witnessed on the counter. On the BSE, 2.24 lakh shares were traded in the counter so far, compared with average daily volumes of 18,278 shares in the past one quarter. The stock had hit a high of Rs 329.50 in intraday trade, which is also a 52-week high for the stock. The stock had hit a low of Rs 310 so far during the day. The stock had hit a 52-week low of Rs 171 on 29 September 2016.
The stock had outperformed the market over the past one month till 25 April 2017, gaining 12.19% compared with the Sensex's 1.77% rise. The scrip had, however, underperformed the market in past one quarter, gaining 2.9% as against Sensex's 8.07% 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's board of directors recommended a final dividend of Rs 5 per share for the year ended 31 March 2017.
The board of directors of the company at a meeting held on 25 April 2017, approved a buyback of upto an aggregate amount not exceeding Rs 117.79 crore, representing 25% of the paid up share capital and free reserves as on 31 March 2017 at a price not exceeding Rs 350 per equity share.
At the maximum offer price and for the maximum offer size, the indicative maximum number of equity shares that can be bought back would be 33.65 lakh equity shares representing 10.39% of the total paid up equity share capital of the company.
The buyback price of Rs 350 was at a premium of 23.23% to a closing price of Rs 284 hit yesterday, 25 April 2017.
Nucleus Software is the leading provider of lending and transaction banking products to the global financial services industry, supporting retail banking, corporate banking, cash management, internet banking, automotive finance and other business areas.
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