Newgen Software Technologies Faces Competitive Pressures Amid Ongoing Stock Decline

Jan 21 2025 09:35 AM IST
share
Share Via
Newgen Software Technologies has encountered significant challenges, experiencing a decline of 6.03% on January 21, 2025. The stock has underperformed its sector and has dropped 15.54% over four days. Despite this, it remains above key moving averages, highlighting ongoing competitive pressures in the market.
Newgen Software Technologies, a key player in the IT software sector, has faced notable challenges recently, with a decline of 6.03% on January 21, 2025. This downturn marks a continuation of a downward trend, as the stock has underperformed its sector by 6.44% and has seen a total drop of 15.54% over the past four days.

On this day, the stock hit an intraday low of Rs 1477.15, reflecting a decrease of 6.21%. Despite these recent struggles, Newgen Software Technologies remains above its 50-day, 100-day, and 200-day moving averages, although it is currently below its 5-day and 20-day moving averages.

In comparison to broader market trends, Newgen's one-day performance of -6.12% stands in contrast to the Sensex, which experienced a minimal decline of 0.07%. Over the past month, Newgen's stock has decreased by 6.25%, while the Sensex has seen a slightly larger drop of 1.31%. This performance underscores the competitive pressures facing Newgen Software Technologies in the current market environment.
{{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