Newgen Software rises on accepting Award Letter for Provision of Credit Automation services
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Newgen Software Technologies is currently trading at Rs. 1720.70, up by 20.20 points or 1.19% from its previous closing of Rs. 1700.50 on the BSE.
The scrip opened at Rs. 1731.75 and has touched a high and low of Rs. 1754.35 and Rs. 1704.25 respectively. So far 6040 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1754.60 on 31-Dec-2024 and a 52 week low of Rs. 626.05 on 15-Apr-2024.
Last one week high and low of the scrip stood at Rs. 1754.60 and Rs. 1589.70 respectively. The current market cap of the company is Rs. 24288.02 crore.
The promoters holding in the company stood at 54.30%, while Institutions and Non-Institutions held 28.91% and 16.80% respectively.
Newgen Software Technologies has accepted the Award Letter from the customer for the Provision of Credit Automation services. The aggregate value of the aforesaid Award is $1,643,256 inclusive taxes. The said order is expected to be executed in 5 years.
Newgen Software Technologies is a software products company offering a platform that enables organisations to develop applications addressing their strategic business needs.
