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Newgen Software Technologies Limited
Share Price Target & Analysis

NSE:NEWGEN

1088.33

VWAP

1099.85

Open

1101.8

Close

1109.55

High

1078

Low

1548

52 Week High

1081.70 ⇩
-20.10 (-1.82%)

NEWGEN

(IT)
49.9% Momentum

Turnaround Potential

617.5

52 Week Low

19.59

EPS

36.41

PE

13.22

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 1081.70, this results in a dividend yield of 0.42 %.

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 19.59. NSE:NEWGEN book value per share as of today is 81.84. The current price to book ratio for NEWGEN as of Nov 23, 2024 is 13.22.

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 36.43% is very crucial parameter which shows that 36.43% investors are anticipating that the price of NEWGEN share should go up with VWAP at 1088.33.

Now, the main question is whether to BUY or SELL, NSE:NEWGEN at current valuation.
As per latest Analysis No. #3722:-

⇑ 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 (Nov 23, 2024)

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

Newgen Software Technologies Limited share price moved Down by -1.82% from its previous close of Rs 1101.8. NEWGEN stock last traded price is 1081.70. NEWGEN share price trend is Down with a total of 192731 stocks traded till now. It has touched an intraday high of Rs 1109.55 and an intraday low of Rs 1078. The NEWGEN trading at 1081.70, Down by Rs. -20.10, or -1.82 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 -1.82%. NEWGEN share price short term trend is Down. It suggests that NEWGEN Share Price for Tomorrow remains the same with VWAP at 1088.33 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

 1081.70

NEWGEN Share Price Target Prediction for 2024 ^

 647.4 - 1151.6

NEWGEN Share Price Target Prediction for 2025*^

 1151.6 - 1657.3

NEWGEN Share Price Target Prediction for 2026*^

 1657.3 - 1773.3

NEWGEN Share Price Target Prediction for 2027*^

 1862

NEWGEN Share Price Target Prediction for 2028*^

 1915

NEWGEN Share Price Target Prediction for 2030*^

 2088
NEWGEN Current Book Value 2023
81.4

*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: @1235.1

NEWGEN Moving Averages

BUY (5) NEUTRAL (0) SELL (9)
MA Simple Action S1 Expo Action E2
MA_5 1249.45 SELL 1245.46 SELL
MA_12 1263.7 SELL 1258.32 SELL
MA_20 1254.83 SELL 1259.99 SELL
MA_32 1276.4 SELL 1250.89 SELL
MA_50 1251.24 SELL 1229.39 BUY
MA_100 1159.84 BUY 1167.86 BUY
MA_200 992.41 BUY 1010.42 BUY

NEWGEN Trend Oscillators

BUY (0) NEUTRAL (1) SELL (3)
Trend Oscillators Value Action
Bollinger Bands 1254.83 Downtrend
MACD -6.3 SELL
ADX 14.71 NO or Weak Trend
DMI (+/-) 18.21 / 24 Downtrend

NEWGEN Momentum Oscillators

BUY (2) NEUTRAL (7) SELL (3)
Momentum Oscillators Value Action
RSI 47.1 Neutral
STOCHASTIC_K (Fast) 26.95 Neutral
STOCHASTIC_D (Slow) 22.81 Neutral
CCI -88.98 Neutral
PSAR 1324.62 SELL
TRUE RANGE 62.8 BUY
ATR 58.89 BUY
WILLIAMS R -65.08 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 48.62 Neutral
STOCHASTIC RSI D 19.1 Oversold
MOMENTUM -34.45 SELL

NEWGEN Last 1 Year Trend

Duration Value
1 Year 104.71%
3 Months 19.15%
1 Month -2.71%
1 Week -4.3%

NEWGEN Technical Analysis Summary

Updated on 2024-11-14
Action Overall (%)
BUY 23%
NEUTRAL / HOLD 27%
SELL 50%

Most popular Questions & Answers about NEWGEN


Newgen Software Technologies Limited stock last traded price is 1081.70. NEWGEN share price moved Down by -1.82% from its previous close of Rs 1101.8.

Newgen Software Technologies Limited share price trend is Down with a total of 192731 stocks traded till now. It has touched an intraday high of Rs 1563.48 and an intraday low of Rs 1078. The NEWGEN trading at 1081.70, Down by Rs. -20.10, or -1.82 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 1088.33.

The market cap of Newgen Software Technologies Limited is ₹4057.1 (in Cr) as of Nov 22, 2024.

The current price to earning ratio for Newgen Software Technologies Limited as of Nov 22, 2024 is 36.41.

The current price to book ratio for Newgen Software Technologies Limited as of Nov 22, 2024 is 13.22.

The highest price of Newgen Software Technologies Limited stock is ₹1548 in the last 52-week.

The lowest price of Newgen Software Technologies Limited stock is ₹617.5 in the last 52-week.

Newgen Software Technologies Limited share trading at ₹1081.70, Down by Rs. -20.10, or -1.82 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 ₹647.4 on downside and ₹1151.6 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 ₹1151.6 on downside and ₹1657.3 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 ₹1657.3 on downside and ₹1773.3 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 ₹1915 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.

The price of Newgen Software Technologies Limited (NEWGEN) shares moved by -1.82%. The short-term trend for NEWGEN share price is Down. It implies that the share price of NEWGEN will stay the same tomorrow and that intraday traders should treat VWAP at 1088.33 as a stop loss. Investors with a long-term outlook can track NEWGEN long-term trajectory, which is indicated in the future forecast table.

Estimated DCF Value of NEWGEN stock is 234.9. Compared to the current market price of 1081.70 INR, the NEWGEN stock is Overvalued by 78.3%.

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 19.59. Newgen Software Technologies Limited book value per share as of today is 81.84. The current price to book ratio for NEWGEN as of Nov 23, 2024 is 13.22.


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 4221.95 130.61 199.33
INFY 1889.20 66.5 195.5
WIPRO 571.40 18.27 110.45
HCLTECH 1897.10 43.51 145.45
TECHM 1744.10 29.96 236.78
LTI 6149.30 125.6 651.6
MINDTREE 3433.85 90.8 331.82
MPHASIS 2884.90 78.74 302.96
TATAELXSI 6586.45 131.16 402.31
PERSISTENT 5796.25 63.3 309.41
Updated at: 22 Nov 2024 15:41

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