Newgen Software Technologies moves up as its arm bags LoA from leading Bank in Malaysia
The said order is expected to be completed 5 years
Newgen Software Technologies is currently trading at Rs. 883.45, up by 3.20 points or 0.36% from its previous closing of Rs. 880.25 on the BSE.
The scrip opened at Rs. 882.05 and has touched a high and low of Rs. 898.20 and Rs. 879.50 respectively. So far 18408 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1795.50 on 15-Jan-2025 and a 52 week low of Rs. 740.05 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 932.15 and Rs. 865.95 respectively. The current market cap of the company is Rs. 12604.37 crore.
The promoters holding in the company stood at 53.76%, while Institutions and Non-Institutions held 27.21% and 19.03% respectively.
Newgen Software Technologies’ wholly owned subsidiary -- Newgen Software Technologies, incorporated in Singapore, has accepted a Letter of Award (LoA) from a leading Bank in Malaysia for providing end-to-end project management services in relation to Enterprise Content Management System (ECM). The aggregate value of the aforesaid Award is RM 6,465,400.80 (i.e. around Rs 13.96 crore). The said order is expected to be completed 5 years.
Newgen Software Technologies is a software products company offering a platform that enables organisations to develop applications addressing their strategic business needs.

