Newgen Software Technologies soars on bagging purchase order from RBI
Newgen Software Technologies is currently trading at Rs. 1171.25, up by 40.60 points or 3.95% from its previous closing of Rs. 1130.65 on the BSE.
The scrip opened at Rs. 1150.00 and has touched a high and low of Rs. 1183.70 and Rs. 1150.00 respectively. So far 21099 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1547.20 on 26-Sep-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. 1183.70 and Rs. 1072.70 respectively. The current market cap of the company is Rs. 15862.09 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 received a purchase order from the Reserve Bank of India (RBI) for the implementation and maintenance of the Regulatory Application Management System (RAMS). The aggregate value of the aforesaid Purchase Order is Rs 32.45 crore (inclusive of 18% GST). The said order is expected to be executed in 7 years.
Newgen Software Technologies is a software products company offering a platform that enables organisations to develop applications addressing their strategic business needs.
