Shares of Newgen Software Technologies Ltd. surged by 15.14% this week, closing at ₹1,352.90 on December 6, 2024. The stock gained ₹43.45 during Friday’s session, marking a strong performance.
Weekly Performance:
- Current Price: ₹1,352.90
- Weekly Gain: ₹177.90 (15.14%)
This surge follows Jefferies maintaining its Buy rating on Newgen Software with a target price of ₹1,500. Jefferies has a positive outlook for the company, highlighting strong growth prospects, particularly in India and the Middle East, with efforts to capture more US market share, especially among mid to large-tier banks.
Key Highlights:
- ₹32.45 Crore Purchase Order: Newgen Software recently secured a ₹32.45 crore order (including GST) from the Reserve Bank of India (RBI) to develop and maintain the Regulatory Application Management System (RAMS) over a seven-year period.
- Project Duration: 7 years
- Scope of Work: The project will streamline RBI’s regulatory framework, enhancing operational efficiency.
Stock Performance:
- 1-Month Gain: 5.11%
- Year-to-Date Gain: 68.06%
- 1-Year Gain: 86.74%
- 5-Year Gain: 1.27K%
- All-Time Gain: 964.86%
Newgen Software Tech Share Price history
| Day | Open | Close | Change % |
|---|---|---|---|
|
Fri, Dec 6 2024
|
₹1,316.00
|
₹1,352.90
|
|
|
Thu, Dec 5 2024
|
₹1,310.00
|
₹1,309.45
|
|
|
Wed, Dec 4 2024
|
₹1,217.00
|
₹1,301.50
|
|
|
Tue, Dec 3 2024
|
₹1,174.90
|
₹1,211.50
|
|
|
Mon, Dec 2 2024
|
₹1,175.05
|
₹1,176.60
|
-0.33%
|
|
Fri, Nov 29 2024
|
₹1,153.00
|
₹1,180.50
|
|
|
Thu, Nov 28 2024
|
₹1,153.70
|
₹1,130.05
|
-1.10%
|
|
Wed, Nov 27 2024
|
₹1,149.80
|
₹1,142.60
|
-0.03%
|
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.
