NIFTY 22502.00 BANK 48199.50

Newgen Software Technologies Limited
Share Price Target & Analysis

NSE:NEWGEN

988.67

VWAP

996.15

Open

996.15

Close

1008.85

High

981.00

Low

1058.10

52 Week High

986.50 ⇩
-9.65 (-0.97%)

NEWGEN

(IT)
90.7% Momentum

Trending & Favourite

290.65

52 Week Low

16.97

EPS

31.18

PE

14.29

PB

Economical
Quality

Diamond
Valuation

#Analysis

NSE: NEWGEN Share Price Financial Analysis & Valuation

Newgen Software Technologies Limited (NEWGEN) is broadly categorized in IT segment industry which deals in Computers - Software vertical. It is one of Mid Cap company with Market Capitalization of Rs 4057.1 (in Cr). Total number of free float shares are 6.8 (in Lacs). Newgen Software Technologies Limited is listed on NSE with Exchange ID - INE619B01017 and trading code is NSE:NEWGEN with short name Newgen Software.

In the past 1 year, Newgen Software Technologies Limited has declared an equity dividend of Rs 4.5 per share. At the current share price of NEWGEN at Rs 986.50, this results in a dividend yield of 0.46 %.

As per the Fundamental Analysis of NSE:NEWGEN, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine NEWGEN underlying value and future prospects. All of this data is available in NEWGEN financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:NEWGEN, it is clearly understood that NEWGEN is Economical performer in terms of earnings and profit margins with an EPS of 16.97. NSE:NEWGEN book value per share as of today is 69.05. The current price to book ratio for NEWGEN as of May 18, 2024 is 14.29.

Valuation of the Stock: The current valuation of NEWGEN stock is like Diamond which means currently the stock is Very Expensive. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of NEWGEN whether to BUY this stock at current valuation. The delivery percentage of NEWGEN is 59.40% is very crucial parameter which shows that 59.40% investors are anticipating that the price of NEWGEN share should go up with VWAP at 988.67.

Now, the main question is whether to BUY or SELL, NSE:NEWGEN at current valuation.
As per latest Analysis No. #3385:-

⇑ STRONG BUY NEWGEN if All Greens

⇗ BUY NEWGEN (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD NEWGEN (With Stop Loss) if only 1 Green

⇘ SELL NEWGEN if NO Green Indicator

NSE: NEWGEN Share Price Today (May 18, 2024)

(Newgen Software Technologies Limited Daily Analysis on the basis of NEWGEN Intraday Graph & Trend)

Newgen Software Technologies Limited share price moved Down by -0.97% from its previous close of Rs 996.15. NEWGEN stock last traded price is 986.50. NEWGEN share price trend is Down with a total of 17936 stocks traded till now. It has touched an intraday high of Rs 1008.85 and an intraday low of Rs 981.00. The NEWGEN trading at 986.50, Down by Rs. -9.65, or -0.97 percent which suggests that most of the Traders are anticipating that the price of NEWGEN share should go Down.

NSE: NEWGEN Share Price Tomorrow Prediction

(Newgen Software Technologies Limited Share Price Prediction for Tomorrow & future forecast is based on Current Trend of NEWGEN)

Newgen Software Technologies Limited share price moved Down by -0.97%. NEWGEN share price short term trend is Down. It suggests that NEWGEN Share Price for Tomorrow remains the same with VWAP at 988.67 will be treated as stop loss for intraday traders. Newgen Software Technologies Limited Long term investors can follow the NEWGEN long term trend as mentiond in future forecast table.

NSE Code

NSE: NEWGEN

NEWGEN Share Price Today

 986.50

NEWGEN Share Price Target Prediction for 2024 ^

 650.4 - 1063.3

NEWGEN Share Price Target Prediction for 2025*^

 1063.3 - 1132.8

NEWGEN Share Price Target Prediction for 2026*^

 1132.8 - 1212.1

NEWGEN Share Price Target Prediction for 2027*^

 1273

NEWGEN Share Price Target Prediction for 2028*^

 1309

NEWGEN Share Price Target Prediction for 2030*^

 1427
NEWGEN Current Book Value 2023
68.7

*Newgen Software Technologies Limited Short Term & Long Term share price target is based on current financial year earings of the company.
^NEWGEN share price target prediction for 2024 2025 & 2026 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

NEWGEN Technical Analysis

Candlestick Pattern: @982.15

NEWGEN Moving Averages

BUY (14) NEUTRAL (0) SELL (0)
MA Simple Action S1 Expo Action E2
MA_5 961.86 BUY 967.72 BUY
MA_12 953.58 BUY 938.25 BUY
MA_20 883.64 BUY 909.83 BUY
MA_32 845.22 BUY 872.88 BUY
MA_50 823.03 BUY 848.02 BUY
MA_100 816.89 BUY 802.52 BUY
MA_200 665.99 BUY 680.11 BUY

NEWGEN Trend Oscillators

BUY (4) NEUTRAL (0) SELL (0)
Trend Oscillators Value Action
Bollinger Bands 883.64 Uptrend
MACD 4.64 BUY
ADX 32.89 Strong Trend
DMI (+/-) 28.03 / 13.76 Uptrend

NEWGEN Momentum Oscillators

BUY (1) NEUTRAL (10) SELL (1)
Momentum Oscillators Value Action
RSI 64.28 Neutral
STOCHASTIC_K (Fast) 60.72 Neutral
STOCHASTIC_D (Slow) 38.96 Neutral
CCI 42.91 Neutral
PSAR 1052.67 SELL
TRUE RANGE 50.7 Neutral
ATR 50.32 Neutral
WILLIAMS R -24.87 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 64.43 Neutral
STOCHASTIC RSI D 25.07 Neutral
MOMENTUM 208 BUY

NEWGEN Last 1 Year Trend

Duration Value
1 Year 243.83%
3 Months 19.53%
1 Month 26.87%
1 Week -1.35%

NEWGEN Technical Analysis Summary

Updated on 2024-05-15
Action Overall (%)
BUY 63%
NEUTRAL / HOLD 33%
SELL 3%

Most popular Questions & Answers about NEWGEN


Newgen Software Technologies Limited stock last traded price is 986.50. NEWGEN share price moved Down by -0.97% from its previous close of Rs 996.15.

Newgen Software Technologies Limited share price trend is Down with a total of 17936 stocks traded till now. It has touched an intraday high of Rs 1068.681 and an intraday low of Rs 981.00. The NEWGEN trading at 986.50, Down by Rs. -9.65, or -0.97 percent which suggests that most of the Traders are anticipating that the price of NEWGEN share should go Down and the Stop Loss will be around 988.67.

The market cap of Newgen Software Technologies Limited is ₹4057.1 (in Cr) as of May 17, 2024.

The current price to earning ratio for Newgen Software Technologies Limited as of May 17, 2024 is 31.18.

The current price to book ratio for Newgen Software Technologies Limited as of May 17, 2024 is 14.29.

The highest price of Newgen Software Technologies Limited stock is ₹1058.10 in the last 52-week.

The lowest price of Newgen Software Technologies Limited stock is ₹290.65 in the last 52-week.

Newgen Software Technologies Limited share trading at ₹986.50, Down by Rs. -9.65, or -0.97 percent which suggests that most of the traders are anticipating that the price of NEWGEN share should go Down.

In 2023, Stock price target for Newgen Software Technologies Limited (NEWGEN) are ₹650.4 on downside and ₹1063.3 on upside. Newgen Software Technologies Limited share price target is based on current financial year earings of the company.

In 2024, Stock price target for Newgen Software Technologies Limited (NEWGEN) are ₹1063.3 on downside and ₹1132.8 on upside. Newgen Software Technologies Limited share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Newgen Software Technologies Limited (NEWGEN) are ₹1132.8 on downside and ₹1212.1 on upside. Newgen Software Technologies Limited share price target is based on Discounted Cash Flow (DCF) method uses the projected future cash flows of the business.

In next five years, Stock price target for Newgen Software Technologies Limited (NEWGEN) will be around ₹1309 Newgen Software Technologies Limited share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of NEWGEN.

As per the fundamental analysis of Newgen Software Technologies Limited (NEWGEN), it is of Economical quality in terms of earnings and profit margins with an EPS of 16.97. Newgen Software Technologies Limited book value per share as of today is 69.05. The current price to book ratio for NEWGEN as of May 18, 2024 is 14.29.


NSE:NEWGEN News & Other Useful Information about NEWGEN Share Price


Peer Comparison of NSE: NEWGEN

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Computers - Software

Company Price EPS BV
TCS 3834.10 120.39 199.33
INFY 1445.00 65.6 163.19
WIPRO 461.00 17.44 119.95
HCLTECH 1333.20 43.02 145.45
TECHM 1305.40 21.79 254.1
LTI 4764.30 125.6 540.21
MINDTREE 3433.85 90.8 331.82
MPHASIS 2322.30 76.59 265.28
TATAELXSI 7353.80 127.25 402.34
PERSISTENT 3530.25 64.07 294.03
Updated at: 18 May 2024 12:10

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