Nucleus Software spurts on entering into collaboration with Magma FinCorp for its lending solution

03 Sep 2015

Nucleus Software Exports is currently trading at Rs. 244.80, up by 0.60 points or 0.25% from its previous closing of Rs. 244.20 on the BSE.

The scrip opened at Rs. 248.00 and has touched a high and low of Rs. 248.70 and Rs. 243.50 respectively. So far 2878 shares were traded on the counter.

The BSE group 'B ' stock of face value Rs. 10 has touched a 52 week high of Rs. 353.00 on 28-Jul-2015 and a 52 week low of Rs. 160.20 on 26-Mar-2015.

Last one week high and low of the scrip stood at Rs. 266.20 and Rs. 230.10 respectively. The current market cap of the company is Rs. 792.11 crore.

The promoters holding in the company stood at 60.62% while Institutions and Non-Institutions held 10.83% and 28.54% respectively.

Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry, has entered into collaboration with Magma FinCorp, a leading Non Banking Financial Company (NBFC) to implement its lending solution.

Magma will implement Nucleus Software’s recently launched flagship lending product, FinnOne Neo for its loan origination and loan management operations. Using FinnOne Neo, Magma expects to reduce turnaround time for customer loan applications and to quickly conceive and launch new financial products and services, as well as reduce operational costs.

Nucleus Software Exports a leading provider of software solutions to the Banking, Financial Services Industry (BFSI). It has developed solutions spanning from retail banking to corporate banking, cash management, internet banking and credit cards.

Related Nucleus Software Exports Ltd. Links:

Nucleus Software Exp Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323