Newgen Software Technologies Shows Strong Long-Term Growth Amid Recent Volatility

Newgen Software Technologies has shown significant activity today, with the stock rising by 5.29% as of April 23, 2025. This performance has allowed it to outperform the IT - Software sector, which gained 3.62% during the same period. The stock reached an intraday high of Rs 991, reflecting a notable uptick in trading.
In terms of moving averages, Newgen Software Technologies is currently above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages. This indicates a mixed trend in its short to medium-term performance.

Over the past week, the stock has increased by 5.03%, while its performance over the last month shows a decline of 3.80%. However, on a yearly basis, Newgen Software Technologies has delivered a robust return of 32.72%, significantly outpacing the Sensex, which has risen by 8.34% in the same timeframe. Despite recent volatility, the stock has demonstrated impressive long-term growth, with a remarkable 311.86% increase over the past three years and an extraordinary 1606.16% rise over the last five years.