Nucleus Software shares today surged another 5% in the morning trade after it surged 15% yesterday, August 20 after the company unveiled plans for a buyback. As of 10:21 AM today, Nucleus Software’s stock is showing significant activity in the market. The stock opened at ₹1,550.05, already demonstrating a notable increase from the previous close of ₹1,410.05.
Nucleus Software Exports will hold a board meeting on August 22, 2024, to consider and approve a buyback proposal for equity shares. The decision will be in line with the Companies Act, 2013, and relevant regulations by the Securities and Exchange Board of India (SEBI).
This will the third buyback by Nucleus Software after the buybacks done in 2017 and 2021. The company did a buyback of 22.67 lakh shares at a price of Rs 700 per share in 2021.
