Nucleus Software hits record high, stock zooms 132% in 2 months

The stock was locked in the 10 per cent upper circuit band at Rs 664.70 on the BSE

Shares of Nucleus Software Exports were locked in the 10 per cent upper circuit band at Rs 664.70, also its record high, on the BSE on Monday in an otherwise subdued market. In the past two months, the stock of the IT software products-company has zoomed 132 per cent after it reported strong earnings for the quarter ended June 2020 (Q1FY21). In comparison, the S&P BSE Sensex was up 3.8 per cent during the period.

Nucleus Software's consolidated net profit more-than-doubled to Rs 36.3 crore in Q1FY21 on the back of strong operational performance. It had posted a profit of Rs