Archive · 25 Sep 2025
Newgen Shares Rise on Order Wins, Despite Recent Losses
Newgen Software, a tech company, saw its stock price go up by 7% on Thursday.
This happened because they announced two new deals: one in Europe with TCS Belgium worth €4.22 million, and one in India with Kshema General Insurance Ltd.
for Rs 21.24 crore.
The contracts involve cloud services, software licensing, implementation and support.
Despite the positive news, the stock is still trading below its highest price from the past year.
The stock is above the 5-, 10-, 20-, 30- and 50-day moving averages, but still below longer term averages.
Newgen Software shares rose 7% on Thursday.
The company announced contracts in Europe and India.
The UK contract is with TCS Belgium for €4.22 million.
The Indian contract is with Kshema General Insurance for Rs 21.24 crore.
The stock is 48% below its 52-week high.
- Who
- Newgen Software Technologies Ltd.
- What
- Announced two order wins and saw its shares increase
- When
- Thursday
- Where
- Europe, India
- Why
- Due to order wins from Europe and India.
- Stock Price Increase
- 7%
- Day High
- Rs 937
- Market Capitalization
- Rs 13,246 crore
- UK Contract Value
- €4.22 million
- UK Contract Parties
- Newgen UK and TCS Belgium
- Indian Contract Value
- Rs 21.24 crore
- Indian Contract Customer
- Kshema General Insurance Ltd.
- Contract Duration
- 5 years
- 52-Week Low
- Rs 740.05
- 52-Week High
- Rs 1,795.50
