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Newgen Software Technologies is a global software company and is 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.
The company reported a 16.2% jump in consolidated net profit to Rs 81.7 crore on an 11% increase in revenue from operations to Rs 400.8 crore in Q2 FY26 over Q2 FY25.
The counter rose 0.52% to end at Rs 862 on the BSE.
Newgen Software Technologies has received and accepted a purchase order from a leading Indian bank customer for supply, installation, customization and maintenance of digital lending platform. The aggregate commercial value of the aforesaid order is Rs 16.53 crore.
The aggregate value of the aforesaid award is SAR 15,982,125 (inclusive taxes) equivalent to approximately Rs 38.64 crore.
The company stated that the customer’s name has not been disclosed due to confidentiality reasons.
The counter rose 0.62% to end at Rs 862.85 on the BSE.
Shares of Newgen Software Technologies rose 0.75% to Rs 886 on the BSE.
IT shares witnessed buying demand for second consecutive trading session.
At 10:25 IST, the barometer index, the S&P BSE Sensex, advanced 237.24 points or 0.28% to 85,3344.05. The Nifty 50 index jumped 73.85 points or 0.28% to 26,059.85.
In the broader market, the S&P BSE Mid-Cap index rose 0.30% and the S&P BSE Small-Cap index added 0.23%.
The market breadth was positive. On the BSE, 2,079 shares rose and 1,451 shares fell. A total of 224 shares were unchanged.
Buzzing Index:
The Nifty IT index jumped 1.91% to 38,397.90. The index surged 2.28% in the two consecutive trading sessions.
Coforge (up 2.05%), Mphasis (up 1.9%), Persistent Systems (up 1.8%), Tech Mahindra (up 1.77%), Tata Consultancy Services (up 1.77%) Oracle Financial Services Software (up 1.62%), Wipro (up 1.36%), HCL Technologies (up 1.25%), Infosys (up 0.8%) and LTIMindtree (up 0.61%) advanced.
Stocks in Spotlight;
Newgen Software Technologies added 1.31% after the company announced that it has secured a purchase order worth Rs 13.99 crore from Mercedes-Benz Financial Services India for a loan management system.
Rail Vikas Nigam (RVNL) added 1.40% after the company announced that it has received a letter of acceptance (LoA) worth Rs 145.35 crore from Southern Railway for a traction power project.
Pharma shares witnessed buying demand for fourth consecutive trading sessions.
At 12:25 IST, the barometer index, the S&P BSE Sensex advanced 38.99 points or 0.05% to 85,759.37. The Nifty 50 index added 5.05 points or 0.02% to 26,220.60.
In the broader market, the S&P BSE Mid-Cap index shed 0.07% and the S&P BSE Small-Cap index fell 0.13%.
The market breadth was almost even. On the BSE,1,960 shares rose and 1,950 shares fell. A total of 219 shares were unchanged.
Derivatives:
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 4.80% to 11.24. The Nifty 30 December 2025 futures were trading at 26,401.10, at a premium of 180.5 points as compared with the spot at 26,220.60.
The Nifty option chain for the 30 December 2025 expiry showed a maximum call OI of 60.1 lakh contracts at the 26,000 strike price. Maximum put OI of 73.5 lakh contracts was seen at 26,000 strike price.
The Nifty Pharma index advanced 0.38% to 22,948.50. The index jumped 2.03% in the four consecutive trading sessions.
Laurus Labs (up 2.45%), Ipca Laboratories (up 2.06%), Ajanta Pharma (up 0.76%), Glenmark Pharmaceuticals (up 0.58%), Sun Pharmaceutical Industries (up 0.57%), Lupin (up 0.51%), Alkem Laboratories (up 0.49%), Zydus Lifesciences (up 0.34%), Abbott India (up 0.32%) and Biocon (up 0.29%) advanced.
Stocks in Spotlight:
Ashoka Buildcon declined 3.37% after National Highways Authority of India (NHAI) temporarily suspended the company from participating in ongoing/future bids for one month or until an expert committee completes its investigation.
Newgen Software Technologies rose 0.21%. The company has secured an international contract from a leading bank in Malaysia to provide end-to-end project management services for an enterprise content management (ECM) system.
SEPC declined 1.37%. The company said it has bagged an AED 35,000,000 (Rs 85 crore) contract through its UAE arm, SEPC FZE, for a strategic energy infrastructure upgrade project in the United Arab Emirates.
The five-year contract is valued at RM 6,465,400.80 (approximately Rs 13.96 crore) and reinforces Newgen’s growing presence in international IT and project management services.
The company confirmed that neither the promoter nor the promoter group or related companies have any interest in the entity awarding the contract.
The company reported 16.2% jump in consolidated net profit to Rs 81.7 crore on 11% increase in revenue from operations to Rs 400.8 crore in Q2 FY26 over Q2 FY25.
Shares of Newgen Software Technologies rose 0.09% to Rs 881 on the BSE.