India's Newgen Software jumps after quarterly profit rises

Newgen Software Technologies

02/05/2023 09:04

** Shares of Newgen Software Technologies Ltd  NEWG.NS  jump
as much as 18.4% to 594.45 rupees, their sharpest intraday pct
gain since May 26, 2021
    ** Software company's March-quarter consol net profit rose
~37%, while rev from ops rose ~32%
    ** Co declared dividend of 5 rupees per share
    ** NEWG hits highest since Jan 31, 2022
    ** Stock on track for fifth straight session of gains
    ** Trading volume ~20x the 30-day avg
    ** Stock up ~64% YTD after falling nearly 39% in 2022

    
    ($1 = 81.7840 Indian rupees)

 (Reporting by Nishit Navin in Bengaluru)
 ((Nishit.Navin@thomsonreuters.com ;))