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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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Reliance Communications to buy Sistema's India wireless business 
[Editor: Today both Reliance Communications Ltd (Anil Ambani Group, CMP: Rs.79.90) and Reliance Industries Ltd (Mukesh Ambani Group) are up. If you remember Reliance Industries Ltd was recommended in this blog at around Rs.943; today it touched Rs.960. I feel the other Reliance Group companies are soon to follow the trend. Meanwhile, there are recent media reports that the Mukesh Ambani-promoted Reliance Jio Infocomm, will lead the 4G subscriber market share despite the 4G network launch by Vodafone, Idea Cellular and Bharti Airtel]
Photo: Ibnlive
MUMBAI: Reliance Communications Ltd on Monday announced plans to acquire Sistema Shyam's wireless service business for a 10% equity in the combined firm to Russia's Sistema. 

The company which runs the only all-CDMA technology based network under the brand MTS will come without any debt, as its promoters will repay all loans prior to the merger, a joint statement said.Reliance Communications will undertake Rs 392 crore of annual spectrum payment for the next 10 years that are due from Sistema for the 3.75 MHz of airwaves it holds in nine circles. 

While Sistema will not get any board seat of veto rights, for the moment its management continue to run its operations, as per the agreement. 

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