India's Nucleus Software rises on partnership with Indonesia's Azentra Solusi Digital
BUZZ-India's Nucleus Software rises on partnership with Indonesia's Azentra Solusi Digital June 10 - ** Shares of India's Nucleus Software Exports Ltd NSEL.NS rise 12.44% to 788.70 apiece during intraday trading
** Stock set for the highest percentage gain since May 2025, if gains hold
** NSEL has partnered with Indonesia's technology solutions provider, Azentra Solusi Digital, as it looks to strengthen its presence in the country
** Under the partnership, both companies will look to support banks and financial institutions in helping modernize lending operations, help improve transaction banking capabilities, operational agility, and build digital banking ecosystems
** The partnership comes at time when Indonesia's financial services sector is experiencing a steady growth driven by increasing digital adoption, regulatory modernization, and growing demand for tech-forward banking platforms
** Trading vols of NSEL at 769,885 shares, about 16 times the 30-day avg of 47,882 shares
** YTD, stock down 13.26%
(Reporting by Saikeerthi in Bengaluru)
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