1:1 Bonus Issue: This small-cap multibagger company entered a Master Service Agreement valued at USD 14,84,527; Must watch!

The company’s shares have delivered an impressive return of over 210 per cent in just 1 year.

Newgen Software Inc. (NSI), a subsidiary of Newgen Software Technologies Limited incorporated in the USA, has executed a Master Service Agreement with a client. The total value of this agreement amounts to USD 1,484,527, and it spans a duration of 5 years.

Newgen Software Technologies Limited is a global software company specializing in software product development. Its expertise lies in designing and delivering comprehensive software solutions that encompass workflow automation, document management, and imaging services across various industries.

Share Performance:

On Friday Newgen Software Technologies Limited shares closed the day at Rs 1004.74 per share. The company’s current market capitalization stands at Rs 14,095.12 crore. The stock has delivered a multibagger return of over 210 per cent in the past 1 year.

Financial performance:

According to the Quarterly Results, in Q4 FY24, Newgen Software Technologies reported a revenue of Rs 350 crore and an operating profit of Rs 118 crore. The operating profit margin for the quarter stands at 34 per cent. The company’s net profit stood at Rs 101 crore. In FY24, the company reported a revenue of Rs 1136 crore compared to Rs 888 crore, and a net profit of Rs 237 crore, compared to a profit of Rs 170 crore in the previous year.

Recently, in January 2024, the company issued bonus shares to its shareholders in a ratio of 1:1, which means that for every share held by shareholders as of the record date, one additional equity share was issued.

Investors must keep this Small-Cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.