Newgen Software Technologies Shows Strong Resilience Amid Market Volatility and Sector Trends

Jan 20 2025 01:35 PM IST
share
Share Via
Newgen Software Technologies demonstrated strong performance on January 20, 2025, with a significant gain, marking a trend reversal after previous declines. The stock showed high volatility and is trading above multiple moving averages, indicating a robust upward trend and resilience within the IT software sector compared to the Sensex.
Newgen Software Technologies has shown impressive performance on January 20, 2025, with a notable gain of 6.09%. This increase has allowed the stock to outperform its sector by 5.63%, signaling a significant trend reversal after two days of decline. During the trading session, Newgen Software reached an intraday high of Rs 1674.55, reflecting a 5.62% increase.

The stock has exhibited high volatility, with an intraday fluctuation of 5.05%, indicating strong trading interest. Currently, Newgen Software is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which underscores a robust upward trend.

In daily performance metrics, Newgen Software Technologies Ltd recorded a 4.14% increase, significantly outperforming the Sensex, which rose by only 0.70%. Over the past month, the company has achieved a 4.67% gain, contrasting with the Sensex's decline of 1.13%. This positive momentum highlights Newgen Software's resilience and strong position within the IT software industry.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News