Nucleus Software gets new contract from Oman-based UFC; stock jumps 14%

Nucleus Software gets new contract from Oman-based UFC; stock jumps 14%Noida-based Nucleus Software Exports Ltd has further strengthened its six-year long relationship with United Finance Company SAOG (UFC), the largest finance company of Oman.

Under the latest contract, Nucleus' FinnOne will now power UFC with its Lead Management System and Customer Service Module. The facility is schedule to implement across 7 branches across the company.

Nucleus Software Exports Ltd., together with its subsidiaries, offers various software solutions for banking and financial services sector.

Recently, Bajaj Auto Finance has selected Nucleus' flagship product - FnnOne Suite - to provide support on customer acquisition, lending and collections for its lending business.

Bajaj Auto Finance Ltd. has a widespread presence and is one of the largest retail financing companies in India.

Ahead of positive announcement, the scrip of the company surged to Rs 107, up 14% compared to previous close of Rs 94.