Newgen Software surges 19% on heavy volumes; zooms 42% in two weeks

Shares of Newgen Software Technologies hit a new high of 1,547.20, surging 19 per cent on the BSE in Thursday’s intra-day trade amid heavy volumes on expectation of higher revenue growth.

In two weeks, the stock price of the computers software and consulting firm has zoomed 42 per cent.

At 11:21 am, Newgen shares were trading 10 per cent higher at Rs 1,432.55, compared to the 0.25 per cent rise in the BSE Sensex.