YTD Return 96%: IT Stock Soars, Hits New 52-Week High On Bagging New Order

Shares of small cap IT Software sector company, Newgen Software Technologies gained 4.42% intraday on July 19 till 12:55 pm after it bagged new order worth approximately Rs 34.64 crore. Newgen Software shares also hit its new 52-week high in trade today. Newgen Software stock offered attractive returns to investors in last 1 year with 85% gain and 96% upside YTD (year-to-date). Check details below:

Newgen Software Technologies Stock Performance & Return: Last trading price of Newgen Software share is Rs 712.85 per share on BSE. Its 52-week high price is Rs 728.35 per share and 52-week low price is Rs 327.95 per share, respectively. Its market capitalisation is Rs 4,986.79 crore. Newgen Software shares delivered 54% return in last 3-months, 72% return in last 6-months, and 312% return in last 3-years. In last 5-years, Newgen Software shares jumped 195%.

Newgen Software Bags New Order Worth Over 34 Crore: According to the BSE filing of Newgen Software date July 18, 2023, "We hereby inform you that Newgen Software Technologies Limited ("the Company") has received a purchase order for the implementation of end-to-end trade Finance including Customer Web Portal & Supply Chain Finance Solution. The aggregate value of the aforesaid purchase order is Rs.34,64,00,000/- (Rupees ThirtyFour Crore Sixty-Four Lakhs Only) plus applicable taxes."
The order is valid for 5 years from the date of go live.

Newgen Dividend: The company on May 2, 2023 recommended a final dividend of Rs.5/- (Five Rupees) per Equity Share of Rs. 10/- each, (i.e., 50% on the paid-up equity share capital) of the Company for the financial year 2022-23. The ex-dividend date was June 20, 2023.

Newgen Software Technologies Financial Performance: The company for the quarter ended March 31, 2023 declared its consolidated total income at Rs 312.93 crore, up 18.40% from preceding quarter total income of Rs 264.30 crore. It announced its latest quarter net profit after tax at Rs 78.61 crore.

Newgen Software Technologies About: Newgen is the leading provider of a unified digital transformation platform with native process automation, content services, and communication management capabilities. Globally, 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, according to its official website.

Disclaimer: The stock rallied today and hit new 52-week high. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.