Newgen Software shares zoom 9% after accepting purchase order from RBI

Newgen Software Technologies shares gained 9.3 per cent in Wednesday’s trade and logged an intraday high at Rs 1,322.7 per share. The stock zoomed after the company accepted a purchase order from the Reserve Bank of India (RBI).

Around 11:00 AM, Newgen share price was up 6.16 per cent at Rs 1,284 per share. In comparison, the BSE Sensex was up 0.42 per cent at 81,187.22. The market capitalisation of the company stood at Rs 18,013.47 crore. The 52-week high of the stock stood at Rs 1,547.2 per share and 52-week low of the stock stood at Rs 626.05 per share.