{"id":114006,"date":"2023-11-20T14:01:03","date_gmt":"2023-11-20T08:31:03","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=114006"},"modified":"2023-11-20T14:01:08","modified_gmt":"2023-11-20T08:31:08","slug":"it-stock-hits-5-upper-circuit-after-companys-board-to-propose-the-declaration-of-bonus-shares","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/it-stock-hits-5-upper-circuit-after-companys-board-to-propose-the-declaration-of-bonus-shares\/","title":{"rendered":"IT stock hits 5% upper circuit after company&#8217;s board to propose the declaration of bonus shares"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4235265371\"><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>The shares of this IT company gained up to 5 percent after the company proposed for Declaration of Bonus Shares to the Equity Shareholders of the Company.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1332358916\"><!-- 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><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/NEWGEN\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Newgen Software Technology Ltd<\/a><\/strong> is a Small-cap with a market capitalization of Rs 9,127.12 Crore. On Monday, the shares were trading at Rs 1,304.70 a share, an increase of 5 percent from the previous close price.\u00a0<\/p><p>According to the exchange filing, Newgen Software Company Ltd&#8217;s board of directors consider and recommend a proposal for the declaration of Bonus Shares to the Equity Shareholders of the Company in the board meeting, on November 27, 2023.&nbsp;<\/p><p>Looking into the company&#8217;s finances, Newgen Software Technology Ltd&#8217;s revenue increased by 29 percent from Rs 226.12 Crore in Q2FY23 to 293.24 Crore in Q2FY24. During the same period, net profits increased by 59 percent from Rs 30.28 crore to Rs 47.79 crore.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2225212041\"><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>The stock has delivered a multi-bagger return of 117 percent in six months and 287 percent in a year. As a result, if an investor bought Rs 1 lakh shares in the company, their shares are now worth 3.87 lakhs in a year.&nbsp;<\/p><p>Newgen Software Technology Ltd reported excellent return ratios in the recent financial year with a return on equity (ROE) of 20.04 percent and a return on capital employed (ROCE) of 24.63 percent.&nbsp;<\/p><p>Newgen Software Technology Ltd&#8217;s recent shareholding pattern, The Promoters of the company own 55.16 percent while Retail shareholders own a 19.69 percent stake in the company and Foreign Institutional Investors own a 15.92 percent stake.&nbsp;<\/p><p>Global software company Newgen Software Technologies develops software products as well as designs and provides end-to-end software solutions that cover the full range of software services, including workflow automation, document management, and imaging.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By:- Abhishek Singh<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1743872964\"><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>The shares of this IT company gained up to 5 percent after the company proposed for Declaration of Bonus Shares to the Equity Shareholders of the Company.&nbsp; Newgen Software Technology Ltd is a Small-cap with a market capitalization of Rs 9,127.12 Crore. On Monday, the shares were trading at Rs 1,304.70 a share, an increase [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":111982,"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":[31,1789],"tags":[14520,14519,14518,948,936],"class_list":["post-114006","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-newgen-software-technology-bonus-issue","tag-newgen-software-technology-latest-news","tag-newgen-software-technology-share-price","tag-stock-market","tag-stock-market-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 hits 5% upper circuit after company&#039;s board to propose the declaration of bonus shares - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of this IT company gained up to 5 percent after the company proposed for Declaration of Bonus Shares to the Equity Shareholders of the Company.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/it-stock-hits-5-upper-circuit-after-companys-board-to-propose-the-declaration-of-bonus-shares\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IT stock hits 5% upper circuit after company&#039;s board to propose the declaration of bonus shares\" \/>\n<meta property=\"og:description\" content=\"The shares of this IT company gained up to 5 percent after the company proposed for Declaration of Bonus Shares to the Equity Shareholders of the Company.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/it-stock-hits-5-upper-circuit-after-companys-board-to-propose-the-declaration-of-bonus-shares\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-20T08:31:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-20T08:31:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/10\/IT-sector.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/it-stock-hits-5-upper-circuit-after-companys-board-to-propose-the-declaration-of-bonus-shares\/\",\"url\":\"https:\/\/tradebrains.in\/features\/it-stock-hits-5-upper-circuit-after-companys-board-to-propose-the-declaration-of-bonus-shares\/\",\"name\":\"IT stock hits 5% upper circuit after company's board to propose the declaration of bonus shares - 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