Continuing their gaining streak, benchmark indices were in the positive territory for the third day in a row. The Sensex settled nearly 350 points or 0.54% higher, to end at 62,846 points, while the Nifty advanced by 99 points or 0.54% to end at 18598 points.
The Sensex is now merely 737 points away from its all-time high of 63,583.07, and the Nifty is 289 points away from its all-time high of 18,887.
While the indices were deep in the green, two stocks gained 20% each, and were locked in the 20% upper circuit:
Nucleus Software Exports Ltd.
Shares of Nucleus Software Exports opened higher on Monday and continued to rise to hit the 20% upper circuit. Its shares were locked at ₹ 971.15 apiece, against their previous closing price of ₹ 809.30.
The company provides lending and transaction banking products to the global financial services industry. Its software powers the operations of more than 200 financial institutions in over 50 countries, supporting retail lending, corporate banking, cash management, mobile and internet banking, automotive finance and other business areas.
In the past year, the company’s share price increased from ₹ 414.10 to ₹ 971.15, making multibagger returns of 134.52% for its investors.
Nucleus Software Exports reported revenue of ₹ 206.20 crores in the fourth quarter (Q4FY23), up 34.74% as compared to ₹ 153.04 crores in the corresponding quarter a year ago (Q4FY22). Its profit increased by a massive 269.87% to ₹ 67.65 crores in Q4FY23, against ₹ 18.29 crores in Q4FY22.
For the entire year (FY23), it reported a revenue of ₹ 634.46 crores against ₹ 497.19 crores reported in the previous year (FY22), indicating an increase of 27.61%. Its profit grew by a whopping 212.37% to ₹ 127.79 crores in FY23, against ₹ 40.91 crores in the previous financial year.
The company’s board has announced a final dividend of ₹ 10.00 per equity share having a face value of ₹ 10.00 each, subject to shareholders’ approval.
Centum Electronics Ltd.
Shares of Centum Electronics opened higher on Monday and continued to rise to hit the 20% upper circuit. Its shares were locked at ₹ 971.45 apiece, against their previous closing price of ₹ 809.55.
The company designs and manufactures advanced microelectronics modules, frequency control products, printed circuit board assembly and resistor networks catering to the communications, military, aerospace, transportation and industrial electronics markets.
In the past year, the company’s share price increased from ₹ 460.75 to ₹ 971.45, making multibagger returns of 110.84% for its investors.
Centum Electronics reported revenue of ₹ 305.02 crores in the fourth quarter (Q4FY23), up 37.87% as compared to ₹ 221.24 crores in the corresponding quarter a year ago (Q4FY22). Its profit increased by a massive 152.27% to ₹ 33.81 crores in Q4FY23, against ₹ 13.40 crores in Q4FY22.
For the entire year (FY23), it reported a revenue of ₹ 884.20 crores against ₹ 733.38 crores reported in the previous year (FY22), indicating an increase of 20.57%. Its profit grew by 48.87% to ₹ 12.14 crores in FY23, against ₹ 8.15 crores in FY22.
The company’s board has announced a final dividend of ₹ 4.00 per equity share having a face value of ₹ 10.00 each, subject to shareholders’ approval.
Written By Simran Bafna
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