India's Newgen Software climbs for fourth consecutive session

Newgen Software Technologies

06/12/2024 04:27

** Newgen Software Technologies  NEWG.NS  rises 3% to 1,349
rupees; extends gain to fourth straight session
    ** Jefferies maintains "buy" and Street-high PT of 1,500
rupees, citing confidence in software firm's growth prospects
    ** Expects NEWG's earnings per share to grow 25% CAGR in
FY25-27
    ** Says co's recent RBI contract "may drive deals from other
Indian banks"
    ** Among four brokerages tracking stock, only Jefferies has
"buy" rating - LSEG
    ** Stock up ~38% YTD

 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))