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By EquityPandit

MARKETS

Newgen Software Tech Secures Order Worth Rs 13 Crore; Shares Slump 3% 

The duration of the contract is six years.

The shares of this IT firm, which specializes in creating software products, including creating and delivering end-to-end software solutions, came into focus after receiving a work order for implementation and support services totalling Rs. 12.92 crores.

Software product development company Newgen Software Technologies Limited has submitted and approved a domestic work order for implementation and support services valued at Rs. 12.92 crores. The duration of the contract is six years.

Earlier on 27 December, the company’s wholly-owned subsidiary, Newgen Software Technologies LLC, received an order worth $2 million. 

Newgen Software Technologies Limited is a leading global provider of low-code systems for client contact, process automation, and content management. The company focuses on offering digital transformation solutions to a variety of industries, such as banking, insurance, healthcare, and government. 

At 3:30 pm, the shares of Newgen Software closed 1.49% higher at Rs 1,079 on NSE.

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