Shares of Newgen Software Technologies gained in early trade on December 16 after the company announced that it had secured a ₹16.53 crore order from a leading bank in India, supporting positive investor sentiment.
At around 9:19 am, Newgen Software Technologies was trading at ₹864.10 on the BSE, up ₹2.10 or 0.24 percent from the previous close.
Order Details
In an exchange filing, the company said it has received and accepted a purchase order for the supply, installation, customization and maintenance of a digital lending platform. The order strengthens Newgen Software’s presence in the banking and financial services segment, particularly in digital transformation and lending solutions.
Market Reaction
The fresh contract highlights continued demand for digital lending and enterprise software solutions from Indian banks, providing near-term visibility for Newgen Software’s order book and revenue pipeline.
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