Newgen Software Technologies Outperforms Sector Amid Broader Market Decline

Newgen Software Technologies has shown significant activity today, gaining 6.82% on April 24, 2025. The stock has outperformed its sector by 6.76%, marking a notable performance amid a generally negative market backdrop, as the Sensex fell by 0.34%. Over the past two days, Newgen has demonstrated a consecutive gain, accumulating a total return of 12.8%.
The stock reached an intraday high of Rs 1064.35, reflecting a rise of 7.09%. In terms of moving averages, Newgen's current price is above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages.

Looking at broader performance metrics, Newgen Software Technologies has delivered a 1-year return of 41.71%, significantly outpacing the Sensex's 8.10% over the same period. However, year-to-date performance shows a decline of 37.37%, contrasting with the Sensex's modest gain of 2.17%. Over the longer term, Newgen has achieved impressive growth, with a 3-year performance of 343.08% and a remarkable 5-year performance of 1752.26%.