01-01-1970 12:00 AM | Source: Accord Fintech
Nucleus Software spurts on partnering with Mahindra & Mahindra Financial Services
News By Tags | #7396 #1127 #572 #580

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Nucleus Software is currently trading at Rs. 1142.60, up by 27.30 points or 2.45% from its previous closing of Rs. 1115.30 on the BSE.

The scrip opened at Rs. 1111.05 and has touched a high and low of Rs. 1155.00 and Rs. 1100.00 respectively. So far 20491 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1256.30 on 06-Jun-2023 and a 52 week low of Rs. 355.10 on 21-Jun-2022.

Last one week high and low of the scrip stood at Rs. 1220.00 and Rs. 1077.80 respectively. The current market cap of the company is Rs. 2979.87 crore.

The promoters holding in the company stood at 73.28%, while Institutions and Non-Institutions held 4.53% and 22.19% respectively.

Nucleus Software Exports has entered into a strategic integrated partnership with Mahindra & Mahindra Financial Services (MMFSL), part of the Mahindra Group, and one of India’s leading Non-Banking Finance Company. This tech partnership with FinnOne Neo, the flagship product of Nucleus Software will help in strengthening the backbone for scale up. With its plug and play features, the product has the technological capability to link to partner eco-systems via various Fintech’s. 

Additionally, the partnership seeks to enhance the employee experience of Mahindra Finance's back office and operations teams leveraging the capabilities of FinnOne Neo LMS and FinnOne Neo Collections. Additionally, the FinnOne Neo CAS would offer a strong credit backbone (CBB) to power the loan origination journey. These modules shall integrate with the entire business eco-system at Mahindra Finance through its API capabilities. 

Nucleus Software Exports is a leading provider of software solutions to the Banking, Financial Services Industry (BFSI). It has developed solutions spanning from retail banking to corporate banking, cash management, internet banking and credit cards.