Newgen Software is currently trading at Rs. 204.00, up by 4.85 points or 2.44% from its previous closing of Rs. 199.15 on the BSE.
The scrip opened at Rs. 203.90 and has touched a high and low of Rs. 221.00 and Rs. 202.55 respectively. So far 1691 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. 167.80 on 20-Nov-2019.
Last one week high and low of the scrip stood at Rs. 221.00 and Rs. 190.00 respectively. The current market cap of the company is Rs. 1421.15 crore.
The promoters holding in the company stood at 66.00%, while Institutions and Non-Institutions held 21.37% and 12.63% respectively.
Newgen Software Technologies has secured patent from US Patent Office for its mark detection system and methodology. The mark detection system is used to identify marks, like tick and cross marks, on document images. These marks are generally made on hard copies during document review or verification and hinder the extraction of useful data on the document. This invention helps to identify these marks, which are then removed before the document is sent for extraction. This results in higher extraction accuracy for such cases.
The issuance of this patent recognizes company’s commitment and effort towards driving digitization and optimizing the document management cycle while ensuring security and compliance.
Newgen Software Technologies is a software products company offering a platform that enables organisations to develop applications addressing their strategic business needs.
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