Nucleus Software Exports saw decent gains on the BSE after the company announced that its product FinnOne has been implemented by Bank International Indonesia (BII).

The stock presently trades at Rs 54.25 per share, up 4.93% or 2.55 points on the BSE.

The stock opened at Rs 51 per share as compared to its previous close of Rs 51.7 per share on Tuesday.

Intraday, the counter touched a high and a low of Rs 55 per share and Rs 51 per share, respectively.

So far, over 5,500 shares of the company have been traded on the BSE.

The stock touched its 52-week high of Rs 369.9 per share on January 15, 2008 and a 52-week low of Rs 43 per share on December 29, 2008.

Nucleus Software Exports’ product FinnOne has been implemented by Bank International Indonesia (BII). It will power over 235 branches of the bank with its Customer Acquisition System (CAS) module to automate loan processes for Small and Medium enterprises (SME).

The CAS module is likely to augment the applications sourced per day and make processes more well-organized for customers. It will also help the bank to take care of credit; risk management and SME finance operations efficiently across Indonesia and provide greater turnaround time, credit scoring and targeted funding for SMEs.