Newgen Software Technologies zooms on reporting 59% rise in Q2 consolidated net profit
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Newgen Software Technologies is currently trading at Rs. 1151.05, up by 110.80 points or 10.65% from its previous closing of Rs. 1040.25 on the BSE.
The scrip opened at Rs. 1085.85 and has touched a high and low of Rs. 1174.00 and Rs. 1061.30 respectively. So far 40092 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1,174.00 on 18-Oct-2023 and a 52 week low of Rs. 327.95 on 10-Nov-2022.
Last one week high and low of the scrip stood at Rs. 1174.00 and Rs. 907.00 respectively. The current market cap of the company is Rs. 8019.79 crore.
The promoters holding in the company stood at 55.16%, while Institutions and Non-Institutions held 25.15% and 19.69% respectively.
Newgen Software Technologies has reported 61.81% rise in its net profit at Rs 43.64 crore for second quarter ended September 30, 2023 as compared to Rs 26.97 crore for the same quarter in the previous year. Total income of the company increased by 30.44% at Rs 272.37 crore for Q2FY24 as compared Rs 208.81 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 59.30% rise in its net profit at Rs 47.79 crore for the quarter ended September 30, 2023 as compared to Rs 30.00 crore for the same quarter in the previous year. Total income of the company increased by 30.03% at Rs 302.57 crore for Q2FY24 as compared Rs 232.70 crore for the corresponding quarter previous year.
