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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...
~:BJP admits it promised FDI in retail in 2004: The Party needs serious Retrospection:~
 Toeing the Leftist Regressive Lines might usher in disasters, both for the BJP and the TMC (All India Trinamool Congress).....
Much to its embarrassment, the BJP, which is vehemently opposing FDI in retail, today admitted that the 2004 election manifesto of NDA had promised to allow 26 per cent FDI in the sector, and tried to explain away the volte-face on the issue.
"It is a reality. We have not denied it. But in 2009 we had changed it. In 2004, the NDA may have seen some merit.... We are not against the concept of FDI but not in retail. There may have been some rationale for it in 2004," Leader of Opposition in Rajya Sabha Arun Jaitley told reporters in reply to a question.
Defending the change in stand by the BJP, which has firmly maintained that its position on the FDI issue was "non- negotiable", party leader Sushma Swaraj said that one could always revise one's opinion with time.
"There is no bar against wisdom...," she said.
Jaitley said, "In the 2004 elections there was no BJP manifesto but a vision document. In that also the BJP promised FDI in structured retail with a caveat that there will be no FDI in retail. However, the NDA manifesto (of 2004) promised FDI in retail."
This position was abandoned in 2009 elections when the BJP manifesto, authored by Murli Manohar Joshi, categorically said no FDI in retail would be allowed, ostensibly as the party was aggressively wooing small and medium traders.
NDA did not come out with a separate manifesto in these polls, Jaitley said.

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