Newgen Software Achieves 52-Week High with 11.2% Growth Over Five Days

Dec 26 2024 10:50 AM IST
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Newgen Software Technologies has recently been added to MarketsMojo's list following a revision in its score, reflecting its strong market performance. The stock achieved a notable gain, reaching a new 52-week high and consistently outperforming its sector. This upward trend highlights Newgen's robust position in the IT software industry.
Newgen Software Achieves 52-Week High with 11.2% Growth Over Five Days
Newgen Software Technologies has demonstrated impressive performance in the IT software sector, gaining 3.32% on December 26, 2024. The stock reached a new 52-week high of Rs. 1660, reflecting strong market momentum. Over the past five days, Newgen has shown a remarkable upward trend, with returns of 11.2%, significantly outperforming its sector by 3.9%.
In terms of daily performance, Newgen Software Technologies recorded an intraday high of Rs. 1660, marking a 3.61% increase. The company's stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust position in the market. Over the past month, Newgen has surged by 47.03%, contrasting sharply with the Sensex, which has seen a decline of 2.05%. This strong performance underscores Newgen Software Technologies' resilience and competitive edge within the large-cap IT software industry, positioning it favorably in the current market landscape.
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