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NEWGEN SOFTWARE Plunges 4%; BSE IT Index Down 0.1%
Tue, 22 Oct 10:27

NEWGEN SOFTWARE Plunges 4%; BSE IT Index Down 0.1%Image source: phive2015/www.istockphoto.com

NEWGEN SOFTWARE share price has plunged 4% and is presently trading at Rs 1,207.8.

Meanwhile, the BSE IT index is at 41,800.9 (down 0.1%).

Among the top losers in the BSE IT index today are TANLA SOLUTIONS (down 2.8%) and Firstsource Solutions (down 2.5%).

INDIAMART INTERMESH (up 0.9%) and Tech Mahindra (up 0.5%) are among the top gainers today.

Over the last one year, NEWGEN SOFTWARE has moved up from Rs 557.0 to Rs 1,207.8, registering a gain of Rs 650.8 (up 116.8%).

On the other hand, the BSE IT index has moved up from 32,091.7 to 41,800.9, registering a gain of 30.3% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 171.9%), Firstsource Solutions (up 92.0%) and PERSISTENT SYSTEMS (up 83.4%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 80,997.7 (down 0.2%).

The top losers among the BSE Sensex today are Tata Motors (down 1.9%) and Maruti Suzuki (down 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,713.8 (down 0.3%). Tata Motors and Maruti Suzuki are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,877.0 to 80,997.7, registering a gain of 15,120.7 points (up 23.0%).

NEWGEN SOFTWARE Financial Update...

NEWGEN SOFTWARE net profit grew 47.2% YoY to Rs 703 million for the quarter ended September 2024, compared to a profit of Rs 478 million a year ago. Net sales rose 23.2% to Rs 3,612 million during the period as against Rs 2,932 million in July-September 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 58.1.


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