Newgen Software Technologies' share jumped 10.90% and closed at INR 1,101.40 on 24th April 2025. And it was much higher than yesterday's price, INR 993.15. So the reason behind this jump in the share price is given below:
The Strong Quarter Results
Newgen Software Technologies recently shared its Q4 results for the financial year 2024-25. These showed a big jump in profit—the Net Profit went up by 32% compared to the same time last year. Revenue also increased by 18%, which showed strong business growth.
Their New Deal Announcement
Newgen Software Technologies announced their new contract with their client in the U.S and the Middle East, especially in the banking sector, which means that the more business and revenue in the future.
Having a Low Debt and The Strong Cash Flow
The investors also like the Newgen Software Technologies company, which has very low debt and also has good cash reserves, so this makes the company a safer bet in the tech sector.
Positive Analyst Reports
There are many stock market experts who have given a Buy rating to Newgen Software Technologies. So they believe that the company is growing well in digital transformation services, which makes a more attractive to investors in buying the stock.
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Conclusion
In conclusion, Newgen Software Technologies jumped by approximately 10% because of their strong performance. Low debt, new deals, and their bright future have made the investor confident.
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