Newgen Software Shares Rise on Rs 16.5 Cr Order from Leading Indian Bank

• Newgen Software shares rose following a Rs 16.53 crore order from a leading Indian bank for a digital lending platform.
• The company's Saudi subsidiary secured a SAR 15.98 million contract from a Saudi public sector bank for a loan origination system, to be executed over two years.
• Earlier, Newgen received a Rs 13.99 crore order from Mercedes-Benz Financial Services India for a Loan Management System.

Why It Matters: Newgen Software's new orders signal business growth and potential stock impact.