Image
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 Call

Buy the shares of 63 Moons Technology Ltd near Rs.343/Rs.344, T: Rs.441, SL: Rs.331. 

According to The Times of India:

"Jignesh Shah, a notable figure in the tech industry, is making a significant comeback with a focus on new-age technology ventures. Recognized for his past disruptive contributions such as ODIN, MCX, and Energy Exchange, Shah is now poised to explore innovative tech businesses.

Leveraging the momentum of the current tech wave, Shah's promoted company, 63 Moons (formerly Financial Technologies), is diversifying into cybersecurity, blockchain, and legal tech sectors.

Expressing his aspirations, Shah highlighted his desire to establish India's first set of technology "decacorns," aiming for significant growth in these new ventures. Collaborating with global players like Blackberry, Resecurity, and Morphisec, 63 Moons' cybersecurity venture is making strides in introducing new products and services". 

Financials: The Net profit of 63 Moons Technologies came to Rsm8.02 crore in the quarter ended March 2024 as against net loss of Rs.23.78 crore during the previous quarter ended March 2023.

However, sales declined 66.42% to Rs.37.44 crore in the quarter ended March 2024 as against Rs.111.51 crore during the previous quarter ended March 2023.

Impressive Performance in FY24: For the full year, net profit came as Rs.222.51 crore in the year ended March 2024 as against net loss of Rs.16.31 crore during the previous year ended March 2023.

Sales rose 62.86% to Rs.471.76 crore in the year ended March 2024 as against Rs.289.68 crore during the previous year ended March 2023. Photo: Daily Mint.

Comments

Popular posts from this blog