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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...
Today's Calls
1. Fresh positions can be initiated in Reliance Power Ltd at Rs.48, T: Rs.54, SL: Rs.46. I have been recommending the scrip since Rs.42-43 levels. Now after a brief consolidation the scrip is expected to move up.

2. Yesterday, Saregama India Ltd (Rs 336.50) crossed Rs.240, intraday; today also it touched Rs.244. However, it seems the stock will consolidate around Rs.232-244, before starting the next up.one. The investors can take their trading decisions accordingly.

3. Gammmon India Ltd ( Rs.9.75), has made a bottom of sorts. The investors are suggested to buy in bulk the shares of this construction major.

4. My recommended Reliance Defence and Engineering Ltd (Rs.68.25) today made a high of Rs.69.90, which is near my target of Rs.72.

5. Suzlon Energy Ltd (Rs.19.25), recommended at around Rs
7-8, today made a 52-week high of Rs.19.85. The traders can now look for target of Rs.22, I'm the coming days.

6. Buy Jet Airways Ltd at Rs.529, T: Rs.592, SL: Rs.482. The stock is on a major uptrend. Jet Airways and Air India will benefit from the ban imposed by the US government on large electronic devices from cabin luggage on passenger flights from eight Muslim-majority countries, as business travellers prefer to work on laptops and iPads while on long-duration flights, industry executives told ET. 

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