Upper circuit alert: Heavy buying witnessed in this multibagger stock; reports 269 per cent jump in net profit!

In the last six months, the stock has gained more than 110 per cent.

Shares of Nucleus Software Exports Limited were locked in the upper circuit on Friday, hitting a fresh 52-week high. The company posted brilliant Quarterly Results. The revenue of the company for Q4FY23 stood at Rs 206.20 crore which grew by 34.74 per cent YoY. The operating profit of the company stood at Rs 92.47, while the PAT of the company stood at Rs 67.65 crore, representing an impressive growth of 269.87 per cent YoY.  

The stock has also delivered multibagger returns to its shareholders in the last six months. During this period, the company’s share price jumped from Rs 383.95 on November 29, 2022, to Rs 809.3 on May 26, 2023, an increase of about 110 per cent in six months holding period.       

Nucleus Software Exports Limited is an Indian IT company in the Banking and Financial Services sector. The company provides lending and transaction banking products to the global financial services industry. As a pioneer in retail and corporate banking software since 1986. 

The stock has a 52-week high of Rs 809.20 and a 52-week low of Rs 355.10. The company has a ROCE of 30.9 per cent and a ROE of 23.1 per cent with a market capitalisation of Rs 2,167 crore.     

The stock has exhibited tremendous growth and investors should keep a close eye on this stock. 

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