Newgen Software shines on collaborating with FPT Information System Corporation
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Newgen Software Technologies is currently trading at Rs. 362.05, up by 8.65 points or 2.45% from its previous closing of Rs. 353.40 on the BSE.
The scrip opened at Rs. 353.45 and has touched a high and low of Rs. 362.05 and Rs. 353.45 respectively. So far 5057 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. 420.00 and Rs. 345.10 respectively. The current market cap of the company is Rs. 2472.23 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 collaborated with Vietnam-based FPT Information System (IS) Corporation, as the company moves to expand its footprint in the region and across Asia-Pacific (APAC). This strategic expansion in the Vietnamese market, working collaboratively with FPT IS, is an addition to the company's existing partner network in the Asia Pacific region.
Newgen and FPT IS have a history of collaboration. Together they have collaborated to consult and deploy multiple solutions for many large banks and organisations, such as Vietnam Deposit Insurance, Southeast Asia Commercial Joint Stock Bank (SeABank), and Vietnam Prosperity Joint Stock Commercial Bank (VP Bank).
Newgen Software Technologies is a software products company offering a platform that enables organisations to develop applications addressing their strategic business needs.
