India's Newgen Software falls after Kuwait entity withdraws tender

Newgen Software Technologies

08/12/2025 08:32

** Shares of Newgen Software Technologies NEWG.NS fall 2.4% to 857.8 rupees, lowest since October 15

** IT services provider says an overseas entity in Kuwait withdraws its tender for implementing a business process management platform, which had a commercial value of KWD 1.74 million ($5.67 million)

** NEWG rated "hold" by 7 analysts on average; median target price is 1,091 rupees – data compiled by LSEG

** Stock down 49.6% YTD

($1 = 0.3069 Kuwaiti dinars)

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))