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COMPANY NEWS: Newgen Software Technologies reported revenues at Rs 252 cr, up 34% Q1 YoY; Profit after Tax at Rs 30 cr, up 57% Q1 YoY. The company wit...
BSE Sensex gained 474.46 points, or 0.71 per cent, to settle at 67,571.90, while NSE's Nifty50 added 146 points, or 0.74 per cent, to end the day at 19,979.15 for the day.
The 30-share BSE Sensex pack fell 216 points or 0.32 per cent to trade at 66,882, while the broader NSE Nifty moved 66 points or 0.33 per cent down to trade at 19,768. Although, mid- and small-cap shares were positive as Nifty Midcap 100 rose 0.13 per cent and small-cap edged 0.09 per cent up.
ICICI Securities is bullish on Newgen Software Technologies recommended buy rating on the stock with a target price of Rs 859 in its research report dated July 20, 2023.
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