Newgen Share Price Target Tomorrow 2024 To 2030- Market Overview, Income Statement

Newgen Software Technologies Ltd is an Indian software company founded in 1992. It specializes in providing business process management (BPM) and enterprise content management (ECM) solutions. Newgen’s software helps organizations automate their processes, manage documents, and improve efficiency, making it easier for businesses to handle their operations. Newgen Share Price on NSE as of 18 October 2024 is 1,261.90 INR. Here will provide you more details on Newgen Share Price Target 2024, 2025, 2026 to 2030.

Newgen Software Technologies Ltd: Market Overview

• Open Price: ₹1,240.00
• High Price: ₹1,269.85
• Low Price: ₹1,213.50
• Previous Close: ₹1,244.40
• Volume: 242,517
• Value (Lacs): ₹3,050.02
• VWAP: ₹1,248.99
• UC Limit: ₹1,493.25
• LC Limit: ₹995.55
• P/E ratio: 70.79
• Div yield: 0.32%
• 52-wk high: ₹1,548.00
• 52-wk low: ₹514.72
• Mkt cap: ₹17.65KCr
• Face Value: ₹10

Newgen Software Technologies Ltd Competitors

Here are five competitor companies of Newgen Software Technologies Ltd along with their approximate market capitalizations:

1. Tata Consultancy Services (TCS)
   • Market Capitalization: ~₹12,00,000 crore
   • TCS is a leading global IT services and consulting company that offers a wide range of software solutions, including BPM and ECM services.
2. Infosys Ltd
   • Market Capitalization: ~₹6,00,000 crore
   • Infosys provides IT services and consulting, including software solutions for process automation and enterprise content management.
3. Wipro Ltd
   • Market Capitalization: ~₹3,00,000 crore
   • Wipro offers IT services, including BPM and digital transformation solutions, competing with Newgen in various sectors.
4. HCL Technologies Ltd
   • Market Capitalization: ~₹3,00,000 crore
   • HCL provides software and IT services, focusing on enterprise solutions, including process management and automation.

5. Cognizant Technology Solutions

   • Market Capitalization: ~₹1,40,000 crore
   • Cognizant offers IT services and consulting, with solutions for digital transformation and business process optimization.

Newgen Share Price Chart

Newgen Share Price Target Tomorrow 2024 To 2030

Newgen Share Price Target 2024

Newgen share price target 2024 Expected target could be ₹1644. Here are three key factors that could affect the growth of Newgen Software Technologies’ share price target for 2024:

• Adoption of Digital Transformation Solutions: As more businesses prioritize digital transformation to enhance efficiency and customer experience, Newgen’s innovative software solutions for business process management (BPM) and enterprise content management (ECM) are likely to see increased demand. This growing market could drive revenue growth and positively impact share prices in 2024.
• Expansion into New Markets: Newgen’s ability to expand its presence in international markets can significantly contribute to its growth. Establishing partnerships, acquiring clients in emerging economies, and adapting solutions to meet local needs can enhance its market reach and overall business performance.

• Investment in Research and Development: Continuous investment in research and development (R&D) is crucial for Newgen to stay competitive. By enhancing its product offerings with the latest technologies, such as artificial intelligence and machine learning, Newgen can attract more clients and improve customer retention, driving growth and supporting its share price in 2024.

Newgen Share Price Target 2025

Newgen share price target 2025 Expected target could be ₹2065. Here are three risks and challenges that could affect Newgen Software Technologies’ share price target for 2025:

• Intense Competition: The software industry, particularly in business process management and enterprise content management, is highly competitive. Newgen faces challenges from established players and emerging startups. If competitors introduce superior technologies or more attractive pricing, it could impact Newgen’s market share and profitability, affecting its share price.
• Rapid Technological Changes: The fast-paced nature of technology means that companies must continuously innovate to stay relevant. If Newgen fails to keep up with technological advancements or adequately invest in research and development, it risks falling behind competitors. This could lead to reduced customer interest in its products and ultimately impact its growth and share price.

• Economic and Regulatory Factors: Economic downturns or changes in regulations affecting the software and technology sector can pose risks. Slower economic growth may lead to reduced IT spending by businesses, impacting Newgen’s sales. Additionally, regulatory challenges in various markets could create hurdles for its operations and expansion plans, potentially affecting its financial performance and share price in 2025.

Newgen Share Price Target 2030

Newgen share price target 2030 Expected target could be ₹6980. Here are three risks and challenges that could affect Newgen Software Technologies’ share price target for 2030:

• Cybersecurity Threats: As Newgen continues to expand its digital solutions, the risk of cyberattacks becomes more significant. Data breaches or security incidents could undermine customer trust and lead to financial losses, legal liabilities, and reputational damage. Addressing these threats will be crucial for maintaining business operations and investor confidence.
• Global Economic Conditions: The global economic environment plays a significant role in technology spending. Economic downturns, inflation, or geopolitical tensions can lead businesses to cut their IT budgets, affecting demand for Newgen’s software solutions. This could hinder revenue growth and negatively impact the company’s share price by 2030.

• Changing Customer Preferences: As technology evolves, customer needs and preferences can shift rapidly. Newgen must continuously adapt its offerings to meet these changing demands. If the company fails to align its products with market trends, such as the growing emphasis on artificial intelligence or low-code development, it risks losing clients to competitors who better understand and meet these needs, potentially impacting its long-term growth and share price.

Newgen Software Technologies Ltd Shareholding Pattern

• Promoter: 54.3%
• FII: 19.98%
• DII: 8.93%
• Public: 16.8%

FOR MORE DETAIL FOLLOW THE OFFICIAL WEBSITE: http://www.newgensoft.com/

Newgen Software Technologies Ltd Financials

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