Shares of Newgen Software Technologies Ltd surged 6% to hit a day’s high of Rs 937.80 on 25th September after the company announced, post market hours on 24th September, that it had secured two new orders.

Firstly, the company’s UK-based subsidiary signed a Master Service Agreement with the Belgium unit of Tata Consultancy Services (TCS) for a deal worth €4.22 million. Under this agreement, Newgen will deliver a modernised, cloud-based enterprise records management platform for an end customer in Belgium.

In addition, the company received an order of Rs 21.24 crore from Kshema General Insurance for software licensing, implementation, and annual support services.

This domestic order for Newgen spans five years.

At 10:47 AM, the shares of Newgen Software were trading 4.55% higher at Rs 915.35 on NSE.

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