Newgen Software Technologies gains on bagging purchase order
Newgen Software Technologies is currently trading at Rs. 887.70, up by 8.30 points or 0.94% from its previous closing of Rs. 879.40 on the BSE.
The scrip opened at Rs. 880.00 and has touched a high and low of Rs. 891.45 and Rs. 878.35 respectively. So far 897 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1795.50 on 15-Jan-2025 and a 52 week low of Rs. 740.05 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 898.20 and Rs. 865.00 respectively. The current market cap of the company is Rs. 12515.43 crore.
The promoters holding in the company stood at 53.76%, while Institutions and Non-Institutions held 27.21% and 19.03% respectively.
Newgen Software Technologies has received and accepted a purchase order from Mercedes-Benz Financial Services for Loan Management System. The aggregate value of the order is Rs 13.99 crore. The said order is expected to be completed in 5 years from the date of supply of license.
Newgen Software Technologies is a software products company offering a platform that enables organisations to develop applications addressing their strategic business needs.
