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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...
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Govt gives nod for Rs 10,000-cr development plan for Mumbai airport
By TBM Staff | Mumbai
Chhatrapati Shivaji International Airport
The Maharashtra government has given approval to the development plan for Chhatrapati Shivaji International Airport (CSIA), Mumbai. The gazette notification for the interim development plan, which was to be implemented between 2010 and 2013, was issued last week. The project is estimated to cost Rs 10,000 crore and includes development of terminals, airside and part of landside, Clara Lewis reported in The Times of India. The plan does not include drains, metro, etc. "Maintenance, augmentation, development of city-level infrastructure networks and services, and related future projects within CSIA-notified area need to be funded by local authorities, the state government and private agencies,'' the plan states.

Only slums spread over 104 acres on the Eastern side will be shifted for expansion of the aeronautical area. This area is spread over Kurla, Kirol, Mohili and Asalfa. A major portion is to be developed as green open space, particularly along and below the flight path.

There is a question mark over the shifting of those residing in the slums as the airport developer cancelled its agreement with Housing Development & Infrastructure Ltd (HDIL) last week. HDIL was to construct flats for the rehabilitation of the slum dwellers. The Mumbai Metropolitan Region Development Authority (MMRDA) had appointed HDIL, and will now have to take a decision on who will build the flats.

With the slums unlikely to be shifted at least till after elections, MIAL sources said it would partially affect Phase II of the plan, especially the construction of the South-East pier (aerobridges). Phase I (South-West pier) will be completed by the year end, said sources.
 

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