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

Shares of Newgen Software Technologies surged 19% in a single day and 42% over two weeks, driven by heavy trading volumes and expectations of higher revenue growth. The company, which provides software solutions for document management and workflow automation, reported strong financial performance with a 25% year-on-year increase in revenue for Q1 FY25. Newgen is expanding its product offerings and strengthening its presence in traditional and mature markets. The company is also focusing on the banking and insurance sectors, aiming to capitalize on emerging opportunities.