Newgen Software locks at 5% upper limit, hits new high on bonus issue plan

Shares of Newgen Software Technologies hit a new high of Rs 1,304.70 as they were locked in the 5-per cent upper circuit on the BSE on Monday at 09:30 AM, after the company announced that its board will meet on November 27 to consider and recommend a proposal for the issue of bonus shares.

Around 19,000 equity shares have changed hands and there are pending buy orders for nearly 30,000 shares on the NSE and BSE, the data shows.

Since April thus far in the financial year 2023-24, the stock of the global provider of digital transformation, platform company, has zoomed 190 per cent. In comparison, the S&P BSE Sensex was down 0.17 per cent at 65,685 at 09:36 AM.