Newgen Software Technologies Shows Strong Short-Term Gains Amidst Sector Performance

Newgen Software Technologies has shown significant activity today, gaining 5.16% on May 12, 2025. The stock has outperformed its sector, which rose by 3.41%, and has recorded a consecutive gain over the last two days, accumulating a total return of 5.28% during this period. Opening with a gap up of 2.03%, Newgen reached an intraday high of Rs 1128.4, marking a 5.48% increase.
In terms of moving averages, Newgen's stock is currently above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day averages. Over the past week, the stock has delivered a performance of 7.39%, significantly outpacing the Sensex, which only gained 1.22% in the same timeframe.

Looking at longer-term performance, Newgen has achieved a remarkable 447.56% increase over the past three years and an impressive 1401.24% rise over the last five years, compared to the Sensex's respective gains of 54.52% and 160.71%. Despite a year-to-date decline of 34.12%, the stock's overall trajectory remains noteworthy within the IT software sector.