Newgen Software bags USD 1.71 mn Philippines retail loan solution order

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NEWGEN · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+2.5%1-day move

₹471.40

prior close

₹475.00

base price

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AI summary

Newgen Software Technologies has received a Letter of Award worth USD 1.71 million (about Rs 16.19 crore) from an overseas entity in the Philippines for a Retail Loan Origination Solution. The contract runs for 5 years. The customer name is withheld for confidentiality. There is no promoter or group company interest in the counterparty, and it is not a related party transaction.

Likely market impact

Positive export order win in hard currency, supports international revenue growth though deal size is modest for the company.