Newgen Software share price: Buy Newgen Software Technologies, target price Rs 419: ICICI Direct

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ICICI Direct has buy call on with a target price of Rs 419. The current market price of Newgen Software Technologies is Rs 352.5.

Time period given by analyst is one year when

. 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 2463.49 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

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For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 236.55 Crore, up 12.77 % from last quarter Total Income of Rs 209.76 Crore and up 15.65 % from last year same quarter Total Income of Rs 204.55 Crore. Company reported net profit after tax of Rs 57.41 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 55.16 per cent stake in the company as of 31-Mar-2022, while FIIs owned 15.71 per cent, DIIs 7.48 per cent.

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