Multibagger Stock Locked in 20% UC for 2nd Straight Day, Up 44% in 2 Sessions

By Malvika Gurung — Shares of Nucleus Software Exports (NS:) hit a new 52-week high and were locked in a 20% upper circuit for the second consecutive session on Monday at Rs 971.15 apiece.

The Street’s optimism about the banking software services provider’s stellar earnings performance in the March quarter continued for the second straight session on May 29, 2023.

In two trading days, Nucleus Software Exports’ shares have rallied 44%.

The small-cap stock is on an upward trend and has surged for the seventh straight trading day on Monday, jumping 56% during the period.

Nucleus Software Exports’ stock has provided strong returns to its investors in the past one year as its shares have soared 139.7%, while skyrocketing 152.5% so far in the calendar year 2023, making it a multibagger stock.

The company posted a breathtaking 269.87% year-on-year jump in the March quarter to Rs 67.65 crore compared to Rs 18.29 crore in the same quarter last year, while revenue from operations grew 35.47% YoY to Rs 206.2 crore during the period.

Its earnings per share (EPS) soared 278.86% YoY to Rs 25.27 in Q4 FY23 from Rs 6.67 in Q4 FY22.

Nucleus Software also declared a final dividend of Rs 10/share for FY23 subject to its shareholders’ approval at the ensuing AGM.

Read Also: Multibagger Small-Cap Software Firm Declares 100% Final Dividend, Do You Own?

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