Nucleus Software Rebounds on Q3FY18 Results, Launch of FinnAxia 5.0 | CORPORATE ETHOS

Nucleus Software Rebounds on Q3FY18 Results, Launch of FinnAxia 5.0

By: | March 21, 2018
nucleus software

Nucleus Software has risen to a high of 424.45 in Wednesday morning trade on launch of FinnAxia 5.0, the latest version of its transaction banking solution. Currently, the scrip is trading 1.57% up at 419.20 as compared to previous close of 412.70.

The latest version of FinnAxia 5.0 has Trade Finance Portal which would help corporate customers with a single, global view of their trade finance business. This will reduce the risk of fraud and will also enable the bank to make faster and more efficient financing decisions.

It comes with comprehensive cash management features to ensure working capital optimization for the bank’s corporate customers. The new release comes with the International Transaction and External Position System (ITEPS) to achieve payments compliance in the Malaysian market and also offers India-based compliant Direct Debit Mandate capabilities via both physical and electronic forms.

The company had posted 13.78% growth in net profit at Rs 18.11 cr while sales rose 13.82% to Rs 106.02 cr. It is trading at a Price Earnings Ratio of 18.13 indicating moderate valuation by market giving more room for uptrend.

On technical charts, Relative Strength Index (RSI) is 41.13 indicating bearishness while MACD line has touched signal line, ADX of 179.94 indicates range bound trade