1 NUCLEUS share price target reports by brokerages below. See what is analyst's view on NUCLEUS share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
Although the financial performance for Q1FY20 was quite modest, company reported stupendous growth of about 23% QoQ in its unexecuted order book at Rs4.6bn with 8 client additions. Product/Services order book were up 24%/19% QoQ at ` 4.1bn/0.5bn respectively. The order book traction was quite encouraging and would ensure double digit revenue growth for FY20. We believe that the company’s cloud-native software offerings are getting tremendous acceptance in the marketplace and is leading to improved deal wins for the company. We expect Nucleus Software to be key beneficiary of the ongoing digital-transformation in the BFSI segment and expect it to deliver 11%/14% CAGR in its Revenue/EBIT over FY19-23e and initiate coverage with a Buy rating on the stock with a DCF based TP of ` 450 per share (implied PEG of 1.1x on FY21E earnings).
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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