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263% returns in 1 year: Multibagger IT stock extends winning streak for 9th day, hits 6% upper circuit on robust Q4 show
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Newgen Software Share Price: Shares of the information technology (IT) company Newgen Software extended their winning streak for the ninth consecutive session surging 35 per cent during the period to hit a lifetime record-high mark during intra-day on Friday, May 3. Newgen Softare has given multibagger returns to investors over the last one-to-three year time periods.
Shares of the multibagger smallcap IT stock has hit back-to-back 52-week highs this week on robust January-March quarter results for fiscal 2023-24 (Q4FY24) numbers. The surge in the shares came after the IT services company's net profit rose 33 per cent to ₹105.2 crore in the fourth quarter of FY24, compared to ₹79.36 crore reported in the corresponding period last year.
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