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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
1. Those who have still now not sold the
shares of Prajay Engineers Syndicate Ltd (Rs.14.05) can continue to hold with a SL of Rs.11.70 for earlier mentioned targets of Rs.18-21. The property prices in Hyderabad and Vijayawada are showing some buoyancy amidst all the doom and gloom in NCR, MMR, Bangalore, Pune, Kolkata, etc. How this opportunity is utilized by the Prajay management to effect a turn around, remains to be seen.

2. The shares of RCom should soon break out from the current levels and move towards Rs.53-54. The investors are suggested to have a little patience. Some of the analysts with qhom I spoke during the last couple of months have more or less given a target of Rs.72, for the scrip.

3. Shrenuj & Co hit another buyer freeze at Rs.3.65. The investors are suggested to book some profit.

4. With lot of fanfare, the Mumbai based operator S P Tulsian recommended MBL Infrastructure Ltd (Rs.105) and Jai Corp Ltd ( Rs.72.55). But once both the stocks started to underperform, he and his pet channel CNBC TV18 are found nowhere. Pump and Dump..? Photo: Dynamic Levels

5. Those who are holding Vedanta Ltd (Rs.215) from Rs.61-62 levels can book 80% profits a d hold the rest with a SL of Rs.196.

6.Those who have entered Texmaco Rail Ltd should hold with a SL of Rs.107. Since the budget date will be advanced, we can expect the share to touch Rs.141-142, in the next couple of months.

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