Rs 1,664 Crore Order Book: Multibagger IT Stock in Green After Bagging an International Order Worth USD 16,32,000
The stock is up by 53 per cent from its 52-week low and has given multibagger returns of over 1,400 per cent in 5 years.
On Monday, shares of Newgen Software Technologies Ltd gained 4.53 per cent to Rs 1,118.20 per share from its previous closing of Rs 1,069.75 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.
Newgen Software Technologies Limited, incorporated in Saudi Arabia, has secured agreements with an international customer for a total value of USD 16,32,000, as disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with the order(s)/contract(s) slated for execution within 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.
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Newgen Software, with a market capitalisation exceeding Rs 15,000 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 53 per cent from its 52-week low and has given multibagger returns of over 1,400 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.