Tuesday, March 28, 2023

Nucleus Software - Buy on dips


 

The income from software products and services came in at Rs 169 cr for Q3 FY23, growing 30%


The company recorded a 24% sequential growth in consolidated profit at Rs 38 cr for the quarter, driven by strong operating performance as well as a healthy topline.


On the operating front, Nucleus registered EBITDA at Rs 47 cr for Q3 FY23 up 318% Vs PQ. The OPM expanded sharply by 1,947 bps sequentially to 28 percent for the quarter.

Returns

One year - up by 28%

6 months - up by 37%

1 month - up by 42%

1 week - down by 2%

Scrip lost 9.8% on 11 March after spectacular rally. The scrip has been spurting with good volumes indicating interest from institutions. Any declines  to 500 levels can be a good buying opportunity.


#smartinvestor,

@SmartInvestor,

#investing, 

#bestbuy, 

#smallcap, 

#valuebuy, 

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