Page 21 - Newgen Software News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Newgen Software shares zoomed 6.13% to an all-time high of Rs 724.60 on BSE on Wednesday. Newgen Software stock opened higher at Rs 685.

Mastek reported a net profit of INR 70 crore in the first quarter, down 9% YoY on the back of stronger competition and macroeconomic challenges. The company saw a 27% YoY increase in revenues to INR 725 crore, driven by demand for the company's digital and cloud transformation services.

Newgen Software stock hit a record high of Rs 757.20, rising 10.91% intraday on BSE. Newgen Software stock opened higher at Rs 685. Market cap of the firm rose to Rs 5027 crore.

Shares of multibagger Titagarh Rail Systems Ltd hit their all-time high today. With today’s rally, the stock has zoomed 394% from its 52-week low of Rs 120.25 hit on August 4 last year. The shares of the railway wagon manufacturer touched an all-time high of Rs 594.80, rising 9.95% on BSE today. However, HSBC Global Research sees more upside to the stock. It has initiated coverage on the railway stock with a buy call with a target price of Rs 730.  

On Wednesday, 1998 stocks advanced, 1413 declined and 126 remained unchanged on the Bombay Stock Exchange (BSE), with an advance decline ratio of 1.41 indicating a positive closing of stocks in broader markets. Despite the markets present high levels, record-breaking action continued, and domestic investors still have faith in the Indian economy.