Newgen Software zooms on receiving patent from US Patent Office

26 Jul 2019 Evaluate

Newgen Software Technologies is currently trading at Rs. 291.00, up by 13.45 points or 4.85% from its previous closing of Rs. 277.55 on the BSE.

The scrip opened at Rs. 274.10 and has touched a high and low of Rs. 295.40 and Rs. 274.10 respectively. So far 2006 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 371.00 on 16-Apr-2019 and a 52 week low of Rs. 205.25 on 08-Oct-2018.

Last one week high and low of the scrip stood at Rs. 295.40 and Rs. 247.00 respectively. The current market cap of the company is Rs. 2025.29 crore.

The promoters holding in the company stood at 66.00%, while Institutions and Non-Institutions held 19.13% and 14.87% respectively.

Newgen Software has received patent from US Patent Office for its Intelligent Check Deposit Machine. The issuance of patent recognizes the company’s efforts towards digitizing the banking processes and optimizing the check clearing cycle while ensuring security and compliance.

The intelligent check deposit system scans the check, validates check fields and gives acknowledgment to the depositors for their respective action. It helps banks in identifying whether the check is acceptable or not, right at the time of deposit.

Newgen Software Technologies is a software products company offering a platform that enables organisations to develop applications addressing their strategic business needs.


Newgen Software Tech Share Price

1753.80 177.85 (11.29%)
15-Jan-2025 16:59 View Price Chart
Peers
Company Name CMP
TCS 4248.55
Infosys 1949.80
HCL Tech. 1825.90
Wipro 292.55
Tech Mahindra 1675.95
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