Newgen Software Technologies Has Received a Purchase Order From the Reserve Bank of India

Newgen Software Technologies Limited offers a comprehensive digital transformation platform called NewgenONE. This platform automates the entire process while effectively managing content and communications, supported by AI-driven cognitive features, governance, and a strong integration ecosystem. The main components of the NewgenONE platform include contextual content services (ECM), low-code process automation (BPM), omnichannel customer engagement (CCM), and an artificial intelligence cloud.

Newgen Software Technologies has received a purchase order from RBI

Newgen Software Technologies has secured a purchase order from the Reserve Bank of India to implement and maintain the Regulatory Application Management System (RAMS). This purchase order is valued at Rs. 32,44,67,835 and is expected to be completed over a period of seven years.

In a statement to the stock exchanges, Newgen Software announced, “We would like to inform you that Newgen Software Technologies Limited (‘the Company’) has received a Purchase Order from the Reserve Bank of India (RBI) for the implementation and maintenance of the Regulatory Application Management System (RAMS). The total value of this purchase order amounts to Rs. 32,44,67,835, which includes 18% GST.”.

Newgen Software Technologies stock Q2 FY25 result and performance 

Newgen Software Technologies reported a consolidated net profit of Rs. 70.33 crore for the second quarter of FY25, marking a 47.2% increase from Rs. 47.79 crore in the same quarter of FY24. Revenue from operations rose by 23.2% year-over-year, reaching Rs. 361.16 crore for the quarter that ended on September 30, 2024. The company’s multi bagger stock has appreciated by 69.69% over the past year, increasing 532.78% over two years and soaring by 301% over three years.

Newgen Software Technologies Ltd. stock is 3% up

Newgen Software Technologies Ltd. (NEWGEN) stock is currently trading at Rs. 1,161.20 per share, up 3%. Today’s high was Rs. 1,184.00, and the stock is expected to rise further by the end of the trading day. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.