Newgen Software Sees Surge in Trading Activity Amid Market Volatility

Newgen Software Technologies Ltd, a mid-cap player in the IT software industry, has emerged as one of the most active equities today, with a total traded volume of 13,076,872 shares and a total traded value of approximately Rs 145.95 crores. The stock opened at Rs 995.0 and reached a day high of Rs 1,183.4 before closing at Rs 1,088.0. However, it has underperformed the sector by 4.91%, reflecting a decline after two consecutive days of gains.
The stock touched an intraday low of Rs 1,056, marking a decrease of 4.12%. Notably, the weighted average price indicates that more volume was traded closer to this low price. Despite this downturn, investor participation has risen significantly, with delivery volume on April 24 reaching 121,900 shares, an increase of 812.63% compared to the five-day average delivery volume.

In terms of moving averages, Newgen Software's stock is currently above the 5-day, 20-day, and 50-day moving averages but remains below the 100-day and 200-day averages. The liquidity of the stock is adequate for trading, with a size of Rs 7.03 crores based on 2% of the five-day average traded value. Overall, Newgen Software Technologies Ltd has shown notable activity today, reflecting a complex interplay of market dynamics.