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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...
WINNING STROKES: THINK DIFFERENT
The name of the stock which has already given 25% returns to the Special Premium Members and
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also the Upper Circuits today also is Energy Development Ltd (Rs.21.55) which belongs to Amar Singh, who in his new "Avatar" is more close to the BJP, than SP. I had mentioned in my earlier posts that the name of the company starts with the word "E". 
Anyway, the former Bollywood actress Jaya Prada, along with Singh and his wife Pankaja Kumari Singh, has a stake in Energy Development Co. Ltd which, in turn, has a web of subsidiaries in the hydro-power sector; according to data with the Registrar of Companies (RoC). Amar Singh and his wife have significant stakes in several other companies, including Sarvottam Caps Pvt. Ltd, Startrack Vinimay Pvt. Ltd, Sterlite Merchants Llp and Maitri Estates Llp. Sarvottam Caps has significant cross-holdings with these companies and also with subsidiaries of Energy Development Company Ltd.
Moreover, the Promoters have increased their stake to 56.90% in June Quarter from 32.76% in March Quarter of 2017. The  company management includes Amar Singh - Non Executive Chairman, Sanjiv Saraf - Executive Director, Gouri Prasad Goenka - Director, Pankaja Kumari Singh - Director, Sanjay Kumar Gupta - Director, Vijoy Kumar - Director, Anil Gupta - Director, Bijay Kumar Garodia - Director. Mr.Goradia is the founder of  Barak Valley Cements Ltd, public listed company at BSE and NSE. He is a business magnate in the North East India, and I was invited to attend a  meeting in a famous hotel in Assam, when it came out with an IPO. This makes the scrip very interesting. But where is it heading in the short term? Any clue?

2. Shilpi Cable Technologies Ltd is consolidating around Rs.25-26, before starting the next round of upmove. The risk taking investors can buy the scrip on declines.

3. The name of the 3rd scrip which could be a potential multibagger  has been disclosed to the Special Premium Members, today.. I hope the stock will soon start hitting the UCs or start to do well in the bourses. I believe those who have Paid Rs.15, 000 for the scrip will get their money back, by investing in this stock. If you are interested then contact me at: suman2005s@rediffmail.com  / sumanm2007s@gmail.com.

4. Mandhana Industries Ltd (Rs.8.05) today hit another lower circuits. Where is the future potential of this stock? Join my Premium Service to stay ahead of others. 

5. Why one should buy the shares of Jai Balaji Industries Ltd (Rs.11.40), especially when Ms.Mamata Banerjee is the CM of Bengal ? Do you know the reasons? Join my associate brokerage house to get the Premium Service absolutely Free of Charge. The account opening charges are Zero and yes you have heard it right....there is no account opening charges -- only requirement is that your portfolio should be more than Rs.1 lakhs..  

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