Rs 1,664 Crore Order Book: Multibagger IT Stock Jumps Over 10 Per Cent After Bagging an International Order Worth USD 16,32,000

The stock is up by 73 per cent from its 52-week low and has given multibagger returns of over 1,600 per cent in 5 years.

On Tuesday, shares of Newgen Software Technologies Ltd gained 11.6 per cent to Rs 1,282 per share from its previous closing of Rs 1,149.30 per share. The stock’s 52-week high is Rs 1,795.50 per share and its 52-week low is Rs 740.05 per share. The shares of the company saw a spurt in volume by more than 7 times on the BSE.

Newgen Software Technologies Limited has secured international agreements valued at USD 16,32,000, as detailed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. These agreements, encompassing a Master Service Agreement, Annual Technical Support, and End User License Agreement, govern the provision of software licenses and related services, including Annual Technical Support, to an international client over a period of one year.

About the Company

Newgen Software Technologies is a global software Company engaged in software product development, including designing and delivering end-to-end software solutions covering the entire spectrum of software services from workflow automation to document management to imaging. The company has an order book of Rs 1,664 crore as of March 31, 2025.

Newgen Software, with a market capitalisation exceeding Rs 17,000 crore and a remarkable 3-year stock price CAGR of 60 per cent, has demonstrated consistent growth. The company's commitment to profitability is evident in its 19.6 per cent CAGR in profit growth over the past 5 years. Additionally, Newgen Software has maintained a healthy dividend payout of 21.4 per cent. The stock is up by 73 per cent from its 52-week low and has given multibagger returns of over 1,600 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.