Wednesday, December 17, 2008

Nucleus Software Equity Hardens On Retail Operations - Dec 17, 2008

The company announced the order win during market hours today, 17 December 2008.Meanwhile, the BSE Sensex was down 27.31 points, or 0.27%, to 9,949.67.On BSE, 16,378 shares were traded in the counter. The stock had an average daily volume of 23,231 shares in the past one quarter.The stock hit a high of Rs 53.60 and a low of Rs 51.10 so far during the day. The stock hit a 52-week high of Rs 405 on 10 January 2008 and a 52-week low of Rs 45.20 on 2 December 2008.

The small-cap stock had underperformed the market over the past one month till 16 December 2008, declining 12.74% as compared to the Sensex's return of 6.30%. It had also underperformed the market in the past one quarter, declining 65.78% as compared to the Sensex's decline of 26.20%.The company's current equity is Rs 32.36 crore. Face value per share is Rs 10.The current price of Rs 53.30 discounts the company's Q2 September 2008 annualized EPS of Rs 8.95, by a PE multiple of 5.96.

Tien Phong Bank of Vietnam has chosen Nucleus Software Exports' FinnOne CAS & Collections module for its retail banking operations.Nucleus Software Exports' net profit rose 57.05% to Rs 7.24 crore on 4.02% fall in net sales to Rs 50.15 crore in Q2 September 2008 over Q1 June 2008.

Nucleus Software Exports provides innovative and pioneering software solutions for banks and financial organizations globally. It offers a host of competitive information technology solutions and consultancy services designed to support the whole spectrum of business offerings across retail banking, corporate banking, cards and cash management.

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