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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...
Important
(i) The short term traders can exit Bharat Heavy Electricals Ltd at Rs.136, as it has broken Rs.137. If it
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gets support around Rs.132, then buy or else wait for the price to stabilize. For the long term you can hold with a SL of Rs.107.

(ii) The short term traders can exit Adani Enterprise Ltd as it has broken Rs.75. You can again accumulate around Rs.67-68, where it might get some support. If it goes below Rs.67, then long term traders can forget the counter.

(iii) Accumulate Unitech Ltd (Rs.5.05) and IVRCL Ltd (Rs.4.80), because the construction activities are about to start post monsoons. 

(iv) Reliance Communications Ltd (Rs.51.80) is moving on the hope of any merger news. But unless it closes above Rs.53.50, there is no hope. In such circumstances, the short term traders can book profits as it moves up, till it closes above Rs.53.50, where you can again start accumulating.

(v) Those who have entered Syncom Formulations Ltd (Rs.2.88) again at around Rs.2.70, should continue to hold the counter with a SL of Rs.2.40. 

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