The BSE Smallcap index has tanked 16 per cent, compared to the 12 per cent decline in the BSE Midcap and the 3 per cent fall in the BSE Sensex, thus far in January
KPI Green Energy, Sterling & Wilson Renewable Energy, Jai Corp, PTC Industries and GMR Power & Urban Infra from the BSE A group were locked at the lower circuits in intra-day deals on Monday.
The BSE Smallcap index plunged 13 per cent, as against the 10 per cent decline in the BSE Midcap index, and the 3.3 per cent fall in the BSE Sensex, so far in the month of January 2025
The revenue growth moderation was due to a lower-than-expected revenue realisation from the India business
Capital market-related stocks like KFin Technologies, Motilal Oswal Financial Services, BSE, and Central Depository Services (India) are on the top of the list, zooming up to 201 per cent in CY24.
Within seven months, Newgen's share price has more than doubled, or zoomed 118 per cent, from the level of Rs 793 that it hit on June 4
On November 28, 2024, the company announced that it had received a purchase order from RBI to implement and maintain Regulatory Application Management System (RAMS)
Newgen Software share price rose after the company revealed that it has received a purchase order from the RBI for the implementation and maintenance of the Regulatory Application Management System
Newgen Software Technologies on Tuesday reported a 47.19 per cent year-on-year increase in consolidated net profit to Rs 70.33 crore in the September quarter. It had posted a net profit of Rs 47.78 crore in the year-ago period. Revenue for the second quarter of the current fiscal year came in at Rs 361.15 crore, 23.16 per cent higher than Rs 293.23 crore a year earlier. "All our key markets have performed well during the quarter with APAC witnessing strong growth for two consecutive quarters now. While banking & financial services continue to be our core verticals, we saw increasing traction in the insurance and government segment in the quarter," Newgen Software CEO Virender Jeet said. The Noida-headquartered company's employee count stands at nearly 4,400. Shares of Newgen Software Technologies settled at Rs 1,298.45 apiece on the BSE on Tuesday, down 3.95 per cent from the previous close.
A combined 2.42 million equity shares, representing 1.73 per cent of the total equity of the company, had changed hands on the NSE and BSE till 11:21 AM.