Page 9 - Newgen Software News Today

This research report categorizes the business process automation market to forecast revenue and analyze trends in Component, Business Function, Deployment Type, Organization Size, Vertical, and Regions

Zensar and Newgen form an alliance to explore Rapid Enterprise-wide Automation Press Release| 16 Aug 2023 Zensar...

RIL may see $130 million in outflows. It would be followed by ICICI Bank ($78 million) and Infosys ($77 million). HDFC Bank ($58 million) and TCS ($53 million) would be two other stocks seeing over $50 million in outflows.

MSCI said it welcomes feedback from all market participants and investors on these issues and will communicate further as necessary or appropriate.

Cummins India, HDFC Asset management, IDFC First Bank, Supreme Industries and Astral are other stocks that are likely to see strong inflows on MSCI inclusion.

“The IT sector, buoyed by an ever-increasing global reliance on technology, looks primed for more growth. Pharma, on the other hand, is benefiting from the dual boost of a growing domestic market and increased demand for generics,” she said in an interview to ETMarkets.

Prominent names that were chased by FII dollars in the quarter gone by include Aurionpro Solutions, Jindal Saw, Titagarh Rail Systems, Newgen Software, Zensar Technologies, Ramkrishna Forgings, Mrs Bectors Food Specialities, and Chennai Petroleum Corporation.

We saw little impact since 60% of our revenue comes from the India, APAC, and Middle East markets that continue to perform well. The slowdown in the US and Europe has not affected us much since our exposure to the US is small, and we plan to build some momentum in that market.

The company is looking at hiring about 400-500 people from campuses this year to meet its business requirements, having fulfilled its commitment of timely onboarding of campus recruits last year, Virender Jeet, CEO of Newgen Software, told PTI.

During the week, as many as 68 smallcap stocks delivered double-digit weekly returns with four of them offering over 25% returns. DCM Shriram Industries was the top gainer in the smallcap pack with nearly 32% return, followed by Sterling and Wilson (26.6%), Arihant Capital (26.55%), and DB Corp (25.03%).