Mumbai, December 4 (Udaipur Kiran): Shares of Newgen Software Technologies were trading higher on the BSE on Wednesday after the company announced that it has received and accepted a purchase order from Mercedes-Benz Financial Services. The stock was trading at Rs. 887.70, up by Rs. 8.30 or 0.94 per cent from its previous close of Rs. 879.40.
The scrip opened at Rs. 880.00 and touched an intra-day high of Rs. 891.45 and a low of Rs. 878.35. A total of 897 shares were traded on the counter during the session.
The BSE Group ‘A’ stock with a face value of Rs. 10 has touched a 52-week high of Rs. 1,795.50 on January 15, 2025, and a 52-week low of Rs. 740.05 on April 7, 2025. Over the past one week, the stock has moved between a high of Rs. 898.20 and a low of Rs. 865.00. The company’s current market capitalisation stands at Rs. 12,515.43 crore.
The promoter shareholding in the company stands at 53.76 per cent, while institutions and non-institutions hold 27.21 per cent and 19.03 per cent respectively.
Newgen Software Technologies informed that it has received a purchase order from Mercedes-Benz Financial Services for a Loan Management System, with an aggregate order value of Rs. 13.99 crore. The order is expected to be executed over a period of five years from the date of supply of the licence.
Newgen Software Technologies is a software products company that provides a platform enabling organisations to develop applications to meet their strategic business requirements.
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.
