Nucleus Software Ltd., a mid-sized provider of financial software, surged in Wednesday's trade after the company said its flagship software will be deployed at a non-banking financial services company.
Nucleus' main product
As a consequence, Nucleus rose 11.40 rupees, or 4.9 percent, to 244 rupees on the National Stock Exchange, where 1.39 lakh shares were traded compared with the 5-day average of 1.07 lakh shares.
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Nucleus has seen its market capitalisation remain flat at 780 crore rupees in the past one year. The stock trades at 1.8 times book value of 137 rupees.