Newgen Software shares rally 16% in 2 days as Q2 PAT jumps 16% YoY; ICICI Sec upgrades stock to ‘Hold’

Newgen Software shares jumped 16% in two sessions to ₹896.35 after reporting a 16% YoY rise in Q2 profit to ₹82 crore and an 11% revenue growth to ₹401 crore. ICICI Securities upgraded the stock to ‘Hold’, citing improved margins and steady performance.

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