Newgen Software Faces Bearish Trend Amid Broader Market Challenges and Small-Cap Resilience

Jul 17 2025 01:05 PM IST
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Newgen Software Technologies saw a notable decline on July 17, 2025, following two days of gains, indicating a potential trend reversal. The stock is trading below all major moving averages, reflecting a bearish outlook. Meanwhile, the broader market, represented by the Sensex, is also facing challenges.
Newgen Software Technologies has experienced a significant decline of 5.71% on July 17, 2025, underperforming its sector by 4.55%. This drop follows two consecutive days of gains, indicating a potential trend reversal. The stock reached an intraday low of Rs 1022.75, marking a decrease of 6.49% during the trading session.

In terms of moving averages, Newgen Software is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend in the short to medium term. Over the past week, the stock has declined by 7.17%, while its performance over the last month shows a notable decrease of 15.62%.

In contrast, the broader market, represented by the Sensex, is facing its own challenges, having fallen by 0.17% after a positive opening. The Sensex is currently trading 4.23% away from its 52-week high and has seen a 1.87% decline over the past three weeks. Despite these fluctuations, small-cap stocks are showing resilience, with the BSE Small Cap index gaining 0.4% today.
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