Newgen Software Technologies share price rose in the opening trade on December 16 following the company received Rs 16.53 crore order from a leading bank in India.
At 09:19am, Newgen Software Technologies was quoting at Rs 864.10, up Rs 2.10, or 0.24 percent, on the BSE.
".... has received and accepted a purchase order from a customer for supply, installation, customization and maintenance of digital lending platform," company said in press release.
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Also, company's subsidiary Newgen Software Technologies Company incorporated in Saudi Arabia has signed an agreement with a customer for the project of designing and developing a loan origination system. The aggregate value of the award is SAR 15,982,125.
A leading public sector bank in Saudi Arabia awarded a project of designing and developing a loan origination system, which is to be executed in two years.
Earlier in this month, Mercedes-Benz Financial Services India has awarded a order for
Loan Management System of Rs 13,99,71,944.
In the previous trading session, the share closed at Rs 862.00, up Rs 4.45, or 0.52 percent.
The share touched a 52-week high of Rs 1,795.50 and a 52-week low of Rs 740.05 on 15 January, 2025 and 07 April, 2025, respectively.
Currently, the stock is trading 51.99 percent below its 52-week high and 16.48 percent above its 52-week low.
The market capitalisation of the company stands at Rs 12,267.79 crore.
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