Newgen Software rallies 12%, hits new high after block deals

Till 09:56 am, around 7.5 million shares, representing 10.7 per cent of the company's total equity, had changed hands on the BSE, the exchange data shows

Shares of Newgen Software Technologies soared 12 per cent, hitting a new high of Rs 511.55, on the BSE in intra-day trade on Tuesday after more than 10 per cent of the company's equity changed hands on the counter. The stock of the information technology (IT) consulting & software company surpassed its previous high of Rs 464, touched on Monday.

Till 09:56 am, around 7.5 million shares, representing 10.7 per cent of the total equity of Newgen Software Technologies, had changed hands on the BSE, the exchange data shows. The names of the buyers and sellers were not ascertained