Why did the newgen share price jump this week?

A three-year UAE order improved visibility, IT peers stabilized, and broker actions turned supportive. Together, these factors sparked heavy volumes and short covering. Media reports also flagged larger investor interest, which helped the rally extend across three sessions despite recent weak quarterly profit.

Is NEWGEN.NS still far from its 52-week high?

Yes. At INR 622.90, the stock trades roughly 55% below the 52-week high of INR 1,377.15. That wide gap keeps recovery potential in focus, but it also reflects prior drawdowns and execution risks. Watch fresh orders, margins, and collections to judge the pace of any re-rating.

What are broker targets for Newgen Software Technologies?

Recent commentary includes ICICI Direct with a Buy and a INR 770 target, and Jefferies with an upgrade and a INR 760 target. From INR 622.90, these imply about 22% to 24% potential upside if delivery on orders and margins continues. Targets can change with new data.

What levels should traders watch on NEWGEN.NS stock now?

Support sits near INR 560 to INR 572, close to key mid-band signals, while resistance is around INR 635 to INR 654, aligning with Thursday’s high and the upper Bollinger band. ATR at 31.75 suggests wide swings, so position sizing and stop-loss discipline are important.

Global Market Insights

NEWGEN.NS Stock Today, February 20: 35% 3-Day Bounce, UAE Order

ByDanny Kontos February 20, 2026February 20, 2026

The newgen share price surged again today, extending a sharp three-session rebound of about 35%. On Thursday, NEWGEN.NS closed at INR 622.90, up 17.19% day on day, after hitting INR 637.50 intraday. The move comes even as Q3 FY26 profit fell 23% year on year with flat revenue and slightly better margins. A new three-year UAE contract and positive broker calls are lifting sentiment. With shares still roughly 55% below the 52-week high of INR 1,377.15, re-rating potential is back in focus for Indian investors.