Mumbai, November 28 (Udaipur Kiran): Shares of Newgen Software Technologies traded slightly higher on Friday after its wholly owned subsidiary received a Letter of Award (LoA) from a leading bank in Malaysia.
On the BSE, the stock was trading at ₹883.45, up by ₹3.20 or 0.36 per cent from its previous close of ₹880.25. The scrip opened at ₹882.05 and touched an intraday high of ₹898.20 and a low of ₹879.50. So far, 18,408 shares were traded.
The BSE Group ‘A’ stock with a face value of ₹10 has recorded a 52-week high of ₹1,795.50 on January 15, 2025, and a 52-week low of ₹740.05 on April 7, 2025. The company’s current market capitalisation stands at ₹12,604.37 crore.
The promoter holding in the company is 53.76 per cent, while institutional investors hold 27.21 per cent and non-institutional investors hold 19.03 per cent.
Newgen Software’s Singapore-incorporated wholly owned subsidiary has accepted the LoA for providing end-to-end project management services for an Enterprise Content Management System (ECM). The aggregate value of the order is RM 6,465,400.80 (around ₹13.96 crore). The project is expected to be completed over a period of five years.
Newgen Software Technologies is a software products company that offers a platform enabling organisations to develop applications for their strategic business 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.
