{"id":105387,"date":"2023-07-19T13:54:04","date_gmt":"2023-07-19T08:24:04","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=105387"},"modified":"2023-07-19T14:43:23","modified_gmt":"2023-07-19T09:13:23","slug":"it-stock-rallies-6-6-on-receiving-a-significant-order-check-the-details-here","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/it-stock-rallies-6-6-on-receiving-a-significant-order-check-the-details-here\/","title":{"rendered":"IT stock rallies 6.6% on receiving a significant order; Check the details here\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3395520652\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of a small-cap IT stock gained 6.6 percent to reach a 52-week high of \u20b9 728.50 apiece on the National Stock Exchange on Wednesday\u2019s early trades after the company received a key order. At 01:13 PM, its shares were trading at \u20b9 714.10 apiece.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3317718026\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Newgen Software Technologies informed the bourses that it has received a purchase order worth \u20b9 34.64 crores for the implementation of end-to-end trade Finance including Customer Web Portal &amp; Supply Chain Finance Solution. This order is valid for a period of five years from the date of going live.\u00a0<\/p><p>The IT Company\u2019s share price increased by 101 percent from \u20b9 362.15 apiece to \u20b9 728.50 apiece, delivering multibagger returns of 101 percent. Therefore, if an investor had invested \u20b9 1 lakh in the company\u2019s shares at the beginning of this year, the value of their holdings would have been \u20b9 2.01 lakhs today!&nbsp;<\/p><p>Newgen Software Technologies is a global software company engaged in the business of software product development including designing and delivering end-to-end software solutions covering the entire spectrum of software services from workflow automation to document management to imaging.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-152385058\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>With a market capitalization of \u20b9 4,762 crores, Newgen Software is a small-cap company. It has an ideal return on equity of 19.71 percent and an ideal debt-to-equity ratio of 0.04. Its shares were trading at a price-to-earnings ratio (P\/E) of 27.49, which is significantly lower than the industry P\/E of 58.82, indicating that the stock might be undervalued as compared to its peers.&nbsp;<\/p><p>The company\u2019s promoters hold a 55.16 percent stake in the company, followed by retail investors with 26.99 percent, foreign institutions with 15.34 percent and mutual funds with 2.51 percent.&nbsp;<\/p><p><strong>Written by Simran Bafna\u00a0<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-4139437739\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of a small-cap IT stock gained 6.6 percent to reach a 52-week high of \u20b9 728.50 apiece on the National Stock Exchange on Wednesday\u2019s early trades after the company received a key order. At 01:13 PM, its shares were trading at \u20b9 714.10 apiece.&nbsp; Newgen Software Technologies informed the bourses that it has received [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":81142,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-105387","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IT stock rallies 6.6% on receiving a significant order; Check the details here\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of a small-cap IT stock gained 6.6 percent to reach a 52-week high of \u20b9 728.50 apiece on the National Stock Exchange on Wednesday\u2019s early trades after the company received a key order. 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