Nucleus Software Exports has received its board’s approval for buyback of shares at a price not exceeding Rs 350 per share via tender offer. The promoters/promoter groups of the company do not intend to participate in the proposed buyback.
Meanwhile, the company reported a healthy 578.6% year-on-year (YoY) growth in its consolidated net profit at Rs 22.26 crore for the fourth quarter ended March 31, 2017 (Q4FY17). Total income from operations grew marginally by 1% at Rs 93.69 crore against Rs 92.73 crore in the corresponding quarter of previous fiscal.
| Company Name | CMP |
|---|---|
| TCS | 2589.55 |
| Infosys | 1319.20 |
| HCL Tech. | 1439.85 |
| Wipro | 203.25 |
| Tech Mahindra | 1523.20 |
| View more.. | |
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