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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
Today MRPL Ltd touched Rs.57.90, and almost came near my first target of Rs.60. Those who do not want to take too much risk of the Oil and Gas sector can book profits and shift to Firstsource Solutions Ltd at around Rs.29.35. 
Today's call: Buy Jindal Saw Ltd at Rs.81.80 for a target of Rs.87-92.  The pipes are used in large quantities in Nuclear installations and any forward movement in the Indo-US nuclear deal is positive for the company. 
For the time being Nifty would meander along 8900-9000 mark, till it breaks up. However, the stock specific action would continue to rule the roost. 
Firstsource Solutions Ltd today touched Rs.30.30 and is  now trading at Rs.29.30. The investors should buy the stock  and keep holding.

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