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DEEP DIVE ANALYSIS • NSE: NEWGEN • FY26 RESULTS Newgen Software Technologies Ltd: From ₹1,336 TO ₹493 — Valuation Reset or the Next Enterprise AI Compounder?  What the Q4 FY26 Numbers Actually Reveal Beneath the Midcap IT Bloodbath By SUMAN MUKHOPADHYAY | SumanSpeaks Independent Research • June 02, 2026 Newgen Software Technologies Ltd (Rs. 493)   was last trading at a pproximately ₹493 — down nearly 63% from its 52-week high near ₹1,336. In most cases, such a collapse signals severe business deterioration. But Newgen’s FY26 financials tell a far more complicated story. The company remains debt-light, highly profitable, cash-generative, and structurally positioned in one of the most important enterprise themes globally: AI-enabled workflow orchestration. Yet the stock has suffered one of the sharpest valuation compressions in the Indian en...
Refex Refrigerants Ltd: Group's Varied Interest:
Time has come for the Small and Mid-caps to outsmart the rest:

The past five decades has witnessed the Refex group make its presence strongly felt in diverse trading activities.
Bombay Metals: Bombay Metals is a frontrunner in the ferrous and non-ferrous metals market in Chennai. Nearly three decades old it has carved a niche for itself. A major supplier of raw materials for big industries, it is the favoured vendor for Government, private and public sector organisations.
It supplies to a extensive range of industries like Petrochemical, Sugar, Refinery, Food processing, Pharmaceuticals and Chemical Industries.
With rich experience and knowledge, its qualified engineers provide solutions for all the stainless and metal needs of various companies.
It also import and export stainless steel, copper, brass and aluminium that confirm to matchless standards in all shapes, forms, sizes and grades. It is a proud authorised dealer for SAIL.
It also represent various manufacturers across the world for their stainless steel products.
The company exports to Australia, New Zealand, Singapore, Gulf Countries, United Kingdom, Europe, South America and USA. 
Its products are approved by various distributors and master distributors all over the world. It also import special quality Steel and Metals from abroad.
The company is a leading stockist for various architectural stainless steel for cladding and railing. For the elevator industry it has various etched and embossed designs.
The company supplies to, Interior designers, Kitchen Equipment manufacturers with its strength being an exclusive designer stainless steel range not available anywhere else in the country.
Besides its product mix includes a wide variety of Stainless Steel Copper Brass Aluminium metals.
Note: The Small and Mid caps are expected to move up in the days to come with the market operating in full steam probably by the 2nd or 3rd week of April, 2010.
Meanwhile,  the markets are expected to move in a steady range of 5200-5300 in the short term, with a positive bias. The bulls seems to be in full control of the things and is definitely having an upper hand over the bears. Hence deep shorts are to be avoided and as long as the markets trades above 5200, the trend continues to be positive.
Today Kohinoor Broadcasting Corporation Ltd moved up with good volume. I have taken some fresh position in the shares of the company during my trip. Kohinoor Broadcasting Corporation Ltd has been battered very badly due to bad publicity by vested interest groups, while the company management is sweating their blood out to show the company in good shape.The company has already come up with a studio of its own and lot of developments are going on regarding their overseas ventures.
Today my recommended Ennore Coke Ltd ( at Rs.13--17-33), crossed Rs.100. The same thing will happen in case of my other recommended counters.
Once the small and mid caps starts to perform Kohinoor Broadcasting Corporation Ltd, PSTL, Prajay Engineers Ltd, Reliance Media Works Ltd, Refex Refrigerants Ltd, Sanguine Media Services Ltd, Energy Development Company Ltd, etc will simply shoot up...I am still out of station and will need another 15 days or so, to streamline things at my end.

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