Shares of Newgen Software Technologies surged 4.78% to ₹1,015.20 on Thursday after the company announced that it has secured an award letter for an Enterprise Content Management (ECM) Solution contract worth $1.28 million, to be executed over five years.
The stock opened at ₹975.05 and touched a high of ₹1,028.80 in early trade, compared to the previous close of ₹968.90. Over 5.9 lakh shares changed hands during the session, indicating heightened investor interest. The stock continues to trade near the upper end of its 52-week range of ₹724.10 to ₹1,798.90.
The contract win reflects the growing demand for Newgen’s digital transformation solutions in global markets. The company also highlighted another key development from last month — the execution of a three-year Statement of Work (SoW) valued at $1.93 million with a US-based client, reinforcing its international growth momentum.
These back-to-back deal wins underscore Newgen’s positioning in the enterprise software space and its expanding global footprint.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
