India's Nucleus Software Exports surges on deal with Vietnam's PVcomBank

Nucleus Software Exports

19/07/2022 07:54

** Shares of banking and financial software provider Nucleus
Software Exports  NSEL.NS  jump as much as 18% to 481 rupees,
their highest since Feb 18
    ** Co enters deal with Vietnam Public Joint-stock Commercial
Bank (PVcomBank) to digitally transform the bank's lending
origination ops with NSEL's lending platform FinnOne Neo
 urn:newsml:reuters.com:*:nFWN2YZ0X7
    ** PVcomBank expects to double its consumer loans within
next 4-5 years via deal
    ** More than 250,000 NSEL shares change hands, as of 0642
GMT, 7.8x 30-day avg of 32,152 shares
    ** NSEL shares post biggest intraday pct gain since June 11,
2021
    ** Stock down 27.2% YTD, as of last close

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com))