Newgen Software: 13% Jump from 52-Week Low, Analysts Predict 60% Rally
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CNBC Awaaz17-02-2026, 11:57

Newgen Software: 13% Jump from 52-Week Low, Analysts Predict 60% Rally

  • Newgen Software Technologies shares surged 13% after hitting a 52-week low, marking its biggest single-day jump since August.
  • The rally occurred without any major AI partnership announcement, driven by high trading volumes and renewed investor interest.
  • Trading volume was 8 times higher than the 10-day average, indicating interest from large or institutional investors.
  • Despite the jump, the share is still 62.5% below its 52-week high, following weak December 2025 quarter results.
  • 6 out of 9 analysts recommend 'Buy' with a consensus target price of ₹834.29, suggesting over 64% upside potential.

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