Synopsis:

Newgen Software Technologies ltd has recently received a purchase order worth Rs. 14 crores from Mercedes-Benz Financial Services, a subsidiary of Mercedes-Benz Mobility AG.

This mid-cap company is engaged in designing and developing software products with delivering end-to-end software solutions across various industries such as Banking, Insurance and other enterprises were in focus after receiving a work order from Mercedes-Benz Mobility AG.

With the market capitalization of Rs. 12,708 Crores, the shares of Newgen Software Technologies touched a high of Rs.897, up 2 percent from yesterday’s close of Rs 879 and trading at a P/E of 38.6 whereas, industry P/E stands at 25.5 and share price being at Rs.893.

What is the News

Newgen Software Technologies has recently recei

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