India's Newgen Software Technologies rises on RBI contract

Newgen Software Technologies

29/11/2024 04:10

** Shares of Newgen Software Technologies  NEWG.NS  rise as
much as 4.8% to 1184 rupees 
    ** The software co receives a purchase order worth 324.5 mln
rupees ($3.8 mln) from the Reserve Bank of India for
implementation and maintenance of the Regulatory Application
Management System 
    ** Stock set to snap three straight weekly losses
    ** Stock trading above its 200-day SMA since Jan 2023,
indicating bullish sentiment
    ** NEWG stock up 3.9%, extending YTD gains to ~50%

   ($1 = 84.4910 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))