Shares Of Small Cap IT Co Jump On Partnership With Mahindra Finance, 188% Return YTD

Small cap IT Software sector company, Nucleus Software Exports Ltd on Wednesday, June 14, 2023 witnessed a rally in its shares. Earlier in the day, Mahindra & Mahindra Financial Services Limited, (MMFSL), part of the Mahindra Group, and one of India's leading Non-Banking Finance Company declared a strategic integrated partnership with Nucleus Software to boost digital transformation of its lending services. Shares of Nucleus Software Exports gave 182% return in last 6-months. Check details below:

This tech partnership with FinnOne NeoTM, 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 backoffice and operations teams leveraging the capabilities of FinnOne NeoTM LMS and FinnOne NeoTM Collections, according to the press release issued.

Raul Rebello, MD and CEO - Designate, Mahindra Finance said, "Our constant endeavour is to ensure consistent and engaging experience to all our employees and customers. We are delighted to partner with Nucleus Software and leverage FinnOne Neo's expertise to further strengthen and scale our loan management and servicing capabilities."

Nucleus Software Exports Stock Performance & Return: Last trading price of Nucleus Software Exports share is Rs 1127.25 apiece with intraday gain of 1.07%. Its 52-week high price is Rs 1256.30 and 52-week low price is Rs 355.10 per share, respectively. It has a market capitalisation of Rs 3,018.02 crore. Nucleus Software Exports stock surged 187% in last 1-year, gave 93% return in last 2-years, and 364% return in last 3-years.

Nucleus Software Exports About: It is a software product company that provides lending and transaction banking products to the global financial services industry.
Mahindra & Mahindra Financial Services Ltd: Last trading price of the Mahindra &

Mahindra Financial Services Stock Outlook & Return:Mahindra Financial Services share on BSE is Rs 295.20 per share with intraday fall of 0.76%. Its 52-week high price is Rs 305.00 per share and 52-week low price is Rs 164.10 per share, respectively. Mahindra & Mahindra Financial Services stock gave 71% return in last 1-year and 195% return in last 3-years.

Disclaimer: Mahindra Finance partnered with Nucleus Software to boost digital transformation of its lending services. Greynium Information Technologies and the Author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.