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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...
Market Mantra:

The rally which commenced on last Friday continued yesterday also. After a flat opening, Nifty went down to around 5800 level. it then traded within a range of 40 points. However, buying emerged on second half which took Nifty to 5913. Finally it settled at 5907, up 50 points from its previous close. 
Market may start making higher tops and higher bottoms now, with 5700 as the ultimate base....but is expected to be range bound today......Nifty may face some selling pressure near resistance level of 5925-5950. 
However, Nifty continues to get support at 5700 level which shows that buying interest at lower level. The market is just looking for an upward break out. Invest in small and mid cap counters as a rally is about to being in this space, with broader market virtually range-bound. 
Big time buying is seen in Allied Digital Services Ltd, Vishal Retail Ltd and Valecha Engineering Ltd. Also, the morning call to the Paid Groups was on Energy Development Company Ltd (CMP--Rs.46.5), Bartronics Ltd (Rs.77), Punj Lloyd (above Rs.105), etc.....
Also, accumulate Kohinoor Broadcasting Corporation Ltd (Rs.2.18) and BPL Ltd (Rs.32).............

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