Newgen Shares Poised For Upside After Securing $2.5 Million Global Deal: SEBI RA Suryansh Singh Chandel

The analyst said the stock is consolidating above its 200-day EMA, with potential breakout above ₹1,400.
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Representative Image: Getty Images
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Deepti Sri·Stocktwits
Updated Mar 05, 2026   |   2:29 PM EST
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Shares of Newgen Software Technologies are signaling a bullish turnaround after securing a $2.5 million international order, according to SEBI-registered analyst Suryansh Singh Chandel.

At the time of writing, Newgen Software Technologies shares were trading at ₹1,246.8, up 1.8% or ₹22.30 on the day.

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Trading above its 200-day exponential moving average, the stock has rebounded from earlier losses and is consolidating between ₹1,200 and ₹1,380. 

Orchid Research views this range as a prime accumulation zone, with upside potential if prices break through the ₹1,380–₹1,400 resistance level.

The fresh contract, spanning five years, involves the supply, implementation, and support of Newgen’s enterprise workflow and content management system.

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It is aimed at accelerating digital transformation across multiple business verticals.

On Stocktwits, retail sentiment was ‘bullish’ amid ‘normal’ message volume.

The stock has declined 26.7% so far in 2025.

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