India's Newgen Software hits record high on Q2 profit rise

Newgen Software Technologies

17/10/2023 09:29

** Shares of Newgen Software Technologies  NEWG.NS  jump as
much as 9.5%, hitting a record high of 1,024 rupees
    ** Stock posts biggest intraday pct gain since July 20 
    ** NEWG reports 59.3% Y/Y jump in Sept-qtr consolidated net
profit; revenue from operations up nearly 30% 
    ** Stock above 50-day, 100-day and 200-day exponential
moving averages, suggesting bullish trend
    ** Over 534,000 shares change hands by 1:52 p.m. IST, 4.1x
30-day avg
    ** Stock last up 4.5%, taking gains to 171.5% YTD

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))