Newgen Software gains on bagging order from Indian Bank
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Newgen Software Technologies is currently trading at Rs. 358.05, up by 1.50 points or 0.42% from its previous closing of Rs. 356.55 on the BSE.
The scrip opened at Rs. 356.35 and has touched a high and low of Rs. 361.30 and Rs. 354.25 respectively. So far 3927 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 671.00 on 18-Jan-2022 and a 52 week low of Rs. 320.85 on 21-Jun-2022.
Last one week high and low of the scrip stood at Rs. 366.00 and Rs. 347.55 respectively. The current market cap of the company is Rs. 2503.71 crore.
The promoters holding in the company stood at 55.16%, while Institutions and Non-Institutions held 21.55% and 23.29% respectively.
Newgen Software Technologies has been emerged as successful H1 bidder for the RFP floated by Indian Bank related to the Digital Lending Platform. The order is for solution and service provider for the development, implementation, management & maintenance of the end-to-end digital lending platform. The total size of order is around Rs 48.59 crore. The duration of the work is 5 years and will cater domestic market only.
Newgen Software Technologies is a software products company offering a platform that enables organisations to develop applications addressing their strategic business needs.
