Newgen Software shares surge 15% as broad-based IT stocks rally

Newgen Software shares surged 15 percent as broad-based IT stocks rallied, with Infosys, Wipro, HCL Technologies, and Tech Mahindra climbing up to 4 percent on renewed optimism over the sector's earnings outlook. The company is undergoing a leadership transition with Tarun Nandwani appointed as the new CEO replacing Virender Jeet, effective August 31, 2026, while Pramod Kumar was named Chief Growth Officer. The board will meet on July 16, 2026, to consider Q1 FY27 results, even as FII and MF holdings declined in the March 2026 quarter to 14.48 percent and 3.33 percent respectively.