Newgen Software soars as its arm signs $2.22 million agreement with Kuwait bank
The agreement is for a period of 2 years
Newgen Software Technologies is currently trading at Rs. 455.00, up by 13.05 points or 2.95% from its previous closing of Rs. 441.95 on the BSE.
The scrip opened at Rs. 443.50 and has touched a high and low of Rs. 468.00 and Rs. 441.95 respectively. So far 97175 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1379.15 on 20-May-2025 and a 52 week low of Rs. 437.00 on 13-Mar-2026.
Last one week high and low of the scrip stood at Rs. 472.95 and Rs. 437.00 respectively. The current market cap of the company is Rs. 6489.69 crore.
The promoters holding in the company stood at 53.52%, while Institutions and Non-Institutions held 27.02% and 19.46% respectively.
Newgen Software Technologies’ wholly owned subsidiary -- Newgen Software Technologies L.L.C, incorporated in Dubai, has executed an agreement with a leading bank in Kuwait for software license, implementation and product software support. The aggregate value of the aforesaid agreement is $2.22 million. The agreement is to be executed within 2 years.
Newgen Software Technologies is a software products company offering a platform that enables organisations to develop applications addressing their strategic business needs.
