Technical Analyst Ashwani Gujral has suggested a buy call for Nucleus Software above of Rs 393 with stop loss of Rs 320.The stock can reach a target of Rs 490 as the company is poised for growth in coming quarters.

On National Stock Exchange, the stock has touched 52-week high of Rs 600 and low of Rs 162.35. Technology stocks have been weak in past few months due the declining value of US dollar.

As a positive move of the company, Nucleus Software aims at to be dependable world-class organization and to provide their national and international customers with competitive Information Technology solutions. On Nov 21, Nucleus Software announced that it has won a contract for implementing its Cash@will™ solution which will enable the bank to efficiently offer its corporate customers modernized cash management services, branded Money and Manager.

Nucleus Software stock is trading at a P/E of 25.73 with earning per share of Rs.15.31.