10 KEY DETAILS YOU NEED TO KNOW ABOUT NUCLEUS SOFTWARE’S STOCK PLUNGE
Published By Moushumi Mahanta | 5 Aug, 2024
Shares of Nucleus Software Exports dropped 15% in intraday trading, hitting a 9-week low of <span class='webrupee'>₹</span>1280.75, following disappointing Q1 results.
Credit : UNSPLASH
Consolidated revenue for the June quarter fell to <span class='webrupee'>₹</span>195.4 crore from <span class='webrupee'>₹</span>206.8 crore in Q1 FY24, and PAT decreased to <span class='webrupee'>₹</span>30.2 crore from <span class='webrupee'>₹</span>53.6 crore.
Credit : UNSPLASH
Co-founder and MD Vishnu R Dusad emphasized a focus on lean implementation and product development in the new financial year.
Credit : PIXABAY
The company prioritizes innovation and R&D to meet customer needs, with over three decades of domain expertise.
Credit : PEXELS
Nucleus Software continues to lead in BFS technology solutions, aiming to expand reach and reduce costs for financial inclusion.
Credit : PIXABAY
CEO Parag Bhise highlighted the company's role in developing future-proof technologies for the BFSI sector, enhancing the financial ecosystem.
Credit : PIXABAY
The company is optimistic about strategic R&D, people development, and market expansion to deliver stakeholder value.
Credit : PIXABAY
Despite the recent drop, the stock has gained 215% over the last two years and 343% over the last five years.
Credit : PIXABAY
Nucleus Software provides lending and transaction banking products, supporting over 200 banks and financial institutions globally.
Credit : PIXABAY
Their transaction banking platform supports over 26 million daily transactions across more than 50 countries.