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NEWGEN SOFTWARE Gains 7%; BSE IT Index Up 1.7%
Tue, 19 Nov 14:20

NEWGEN SOFTWARE Gains 7%; BSE IT Index Up 1.7%Image source: Nikada/www.istockphoto.com

NEWGEN SOFTWARE share price has zoomed 7% and is presently trading at Rs 1,109.0.

Meanwhile, the BSE IT index is at 41,797.5 (up 1.7%).

Among the top gainers in the BSE IT index today are Tech Mahindra (up 3.4%) and Eclerx Services (up 3.3%).

KPIT TECHNOLOGIES (down 1.2%) and Sonata Software (down 0.5%) are among the top losers today.

Over the last one year, NEWGEN SOFTWARE has moved up from Rs 585.7 to Rs 1,109.0, registering a gain of Rs 523.3 (up 89.3%).

On the other hand, the BSE IT index has moved up from 32,022.5 to 41,797.5, registering a gain of 30.5% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 179.4%), Firstsource Solutions (up 111.8%) and PERSISTENT SYSTEMS (up 82.6%).

Revealed: Our Big Prediction

What About the Benchmark Indices?

The BSE Sensex is at 78,202.1 (up 1.1%).

The top gainers among the BSE Sensex today are M&M (up 4.6%) and Tech Mahindra (up 3.4%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 23,726.3 (up 1.2%). M&M and Tata Motors are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,675.9 to 78,202.1, registering a gain of 12,526.2 points (up 19.1%).

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 53.4.


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