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    Buy Newgen Software Technologies, target price Rs 440: ICICI Direct

    Synopsis

    Newgen Software Technologies Ltd., incorporated in the year 1992, is a Small Cap company (having a market cap of Rs 2526.45 Crore) operating in IT Software sector.

    BuyThinkStock Photos
    Promoters held 55.16 per cent stake in the company as of 30-Jun-2022, while FIIs owned 14.75 per cent, DIIs 6.8 per cent.
    ICICI Direct has buy call on Newgen Software Technologies with a target price of Rs 440. The current market price of Newgen Software Technologies is Rs 361.45.

    Time period given by analyst is year when Newgen Software Technologies Ltd. price can reach defined target.

    Newgen Software Technologies Ltd., incorporated in the year 1992, is a Small Cap company (having a market cap of Rs 2526.45 Crore) operating in IT Software sector.

    Newgen Software Technologies Ltd. key Products/Revenue Segments include Software Services and Software Products for the year ending 31-Mar-2022.


    Financials
    For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 198.03 Crore, down -16.28 % from last quarter Total Income of Rs 236.55 Crore and up 16.41 % from last year same quarter Total Income of Rs 170.12 Crore. Company reported net profit after tax of Rs 19.18 Crore in latest quarter.



    Promoter/FII Holdings
    Promoters held 55.16 per cent stake in the company as of 30-Jun-2022, while FIIs owned 14.75 per cent, DIIs 6.8 per cent.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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