Mumbai (Udaipur Kiran News): Shares of Newgen Software Technologies Ltd surged nearly 5% on Thursday after the company secured a large order from Kshema General Insurance.
The stock was trading at ₹917.85 on the BSE, up ₹43.40 or 4.96% from its previous close of ₹874.45. It opened at ₹901.10 and touched an intraday high of ₹937.00 and a low of ₹901.10. Around 2.34 lakh shares changed hands during the session.
Over the past year, the scrip has touched a 52-week high of ₹1,795.50 (15 Jan 2025) and a low of ₹740.05 (7 Apr 2025). The company’s market capitalization now stands at ₹13,198.80 crore. Promoters hold 53.78%, while institutional and non-institutional investors own 28.60% and 17.62%, respectively.
Newgen announced it has bagged a ₹21.24 crore purchase order (including taxes) from Kshema General Insurance for its policy administration system. The order covers software licenses, implementation, and annual support services, and will be executed over a period of five years.
Newgen Software Technologies is a leading software products company that provides a platform for enterprises to build applications catering to their strategic business and process automation needs.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
