Newgen Software Technologies Ltd Share Price – NSE /  BSE

IT - Software, Small Cap

The said order involves implementation and maintenance of the Regulatory Application Management System (RAMS) of RBI.

The purchase order is valued at Rs 32,44,67,835 and it will be executed within a 7 years.

This purchase order is subject to Newgen's acceptance of all terms and conditions outlined in the Request for Proposal (RFP) and the purchase order. Additionally, the transaction does not qualify as a related party transaction.

Newgen Software Technologies is the leading provider of a unified digital transformation platform with native process automation, content services, and communication management capabilities. Globally, successful enterprises rely on Newgen's industry-recognized low code application platform to develop and deploy complex, content-driven, and customer-engaging business applications on the cloud. From onboarding to service requests, lending to underwriting, and for many more use cases across industries.

The company’s consolidated net profit surged 47.2% to Rs 70.33 crore in Q2 FY25 as against Rs 47.79 crore posted in Q2 FY24. Revenue from operations jumped 23.2% YoY to Rs 361.16 crore in the quarter ended 30 September 2024.

Powered by Capital Market - Live News

Newgen Software Technologies Ltd fell 5.09% today to trade at Rs 1171.05. The BSE Information Technology index is down 0.82% to quote at 41735.51. The index is down 1.55 % over last one month. Among the other constituents of the index, AXISCADES Technologies Ltd decreased 3.02% and Infosys Ltd lost 1.98% on the day. The BSE Information Technology index went up 27.17 % over last one year compared to the 18% surge in benchmark SENSEX.

Newgen Software Technologies Ltd has lost 6.98% over last one month compared to 1.55% fall in BSE Information Technology index and 4.42% drop in the SENSEX. On the BSE, 2250 shares were traded in the counter so far compared with average daily volumes of 19070 shares in the past one month. The stock hit a record high of Rs 1547.2 on 26 Sep 2024. The stock hit a 52-week low of Rs 584.5 on 15 Nov 2023.

Powered by Capital Market - Live News

Net profit of Newgen Software Technologies rose 47.16% to Rs 70.33 crore in the quarter ended September 2024 as against Rs 47.79 crore during the previous quarter ended September 2023. Sales rose 23.16% to Rs 361.16 crore in the quarter ended September 2024 as against Rs 293.24 crore during the previous quarter ended September 2023.

Powered by Capital Market - Live News

Newgen Software Technologies has granted 5,30,100 stock options under ESOP on 15 October 2024.

Powered by Capital Market - Live News