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NEWGEN SOFTWARE Gains 10%; BSE IT Index Up 0.8%
Thu, 26 Sep 9:55

NEWGEN SOFTWARE Gains 10%; BSE IT Index Up 0.8%Image source: DNY59/www.istockphoto.com

NEWGEN SOFTWARE share price has zoomed 10% and is presently trading at Rs 1,425.3.

Meanwhile, the BSE IT index is at 42,832.5 (up 0.8%).

Among the top gainers in the BSE IT index today are Eclerx Services (up 2.9%) and CYIENT (up 2.5%).

Firstsource Solutions (down 2.2%) and INDIAMART INTERMESH (down 1.1%) are among the top losers today.

Over the last one year, NEWGEN SOFTWARE has moved up from Rs 430.1 to Rs 1,425.3, registering a gain of Rs 995.2 (up 231.4%).

On the other hand, the BSE IT index has moved up from 32,740.4 to 42,832.5, registering a gain of 30.8% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 174.0%), Firstsource Solutions (up 104.1%) and PERSISTENT SYSTEMS (up 80.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 85,341.5 (up 0.2%).

The top gainers among the BSE Sensex today are Maruti Suzuki (up 2.5%) and Tata Motors (up 1.7%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 26,049.1 (up 0.2%). Maruti Suzuki and Tata Motors are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,023.7 to 85,341.5, registering a gain of 19,317.8 points (up 29.3%).

NEWGEN SOFTWARE Financial Update...

NEWGEN SOFTWARE net profit grew 57.5% YoY to Rs 476 million for the quarter ended June 2024, compared to a profit of Rs 302 million a year ago. Net sales rose 25.1% to Rs 3,147 million during the period as against Rs 2,517 million in April-June 2023.

For the year ended March 2024, NEWGEN SOFTWARE reported 42.1% increase in net profit to Rs 2,516 million compared to net profit of Rs 1,770 million during FY23. Revenue of the company grew 27.7% to Rs 12,438 million during FY24.

The current Price to earnings ratio of NEWGEN SOFTWARE, based on rolling 12 month earnings, stands at 74.3.


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