Newgen Software Technologies is witnessing a sharp rise in its stock price. The company's shares are currently trading at RS 1033.10, up by RS 63.30 or 6.53% from its previous close of RS 969.80 on the BSE.

The stock opened at RS 957.40 today and touched an intraday high of RS 1038.00 and a low of RS 957.40. So far, around 52,196 shares have been exchanged on the counter.

This 'A' group stock, with a face value of RS 10, recorded a 52-week high of RS 1795.50 on 15 January 2025 and a 52-week low of RS 626.05 on 15 April 2024.

In the past week, the stock touched a high of RS 1093.55 and a low of RS 953.45. The company's current market capitalization stands at RS 14,369.29 crore.

As per the latest shareholding pattern, promoters hold a 54.30% stake in the company, while institutional investors and non-institutional investors hold 29.41% and 16.30% respectively.

The rally in the stock comes after Newgen Software secured an order for its Enterprise Content Management Solution (ECM) for a duration of five years. The total value of the order is $1,285,074, inclusive of taxes.

Additionally, the company had earlier received and accepted a purchase order worth RS 12.92 crore for implementation and support services, with a contract duration of six years.

Newgen Software Technologies is a leading software products company that provides a platform for organizations to build applications to meet their strategic business requirements.