India's Newgen Software jumps on $1.3 million order win

Newgen Software Technologies

27/03/2025 05:32

** Newgen Software Technologies NEWG.NS jumps as much as 7% to 1,038.9 rupees; set to snap three-day losing streak

** Co wins $1.3 mln order for enterprise content management solution for five years

** Nearly 1.5 mln shares traded, ~3x the six-month avg volume

** ICICI Direct says co won multiple such mid-sized deals this quarter and "we believe these deals will help it achieve its aspirational revenue target of $500 million over the next three-four years"

** NEWG sheds 39% YTD

 (Reporting by Vivek Kumar M)

 ((VivekKumar.M@thomsonreuters.com;))