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Shares of software company Nugen Software Technologies have seen a tremendous jump. On Monday, the company’s shares surged 5% to Rs. 1304.70 was reached. The surge in NewGen Software’s stock came on the back of a big announcement. Nugen Software has announced that its board meeting will be held on November 27. In this meeting, the proposal to give bonus shares to the investors will be considered. That means the company is now preparing to give bonus shares.
The company’s shares have risen 285% in a year
Shares of Nugen Software have seen a rapid rise over the past year. The company’s stock has gained 285% in the last one year. Share of Nugen Software on November 21, 2022 Rs. was at 338.90. Shares of the company have reached Rs 1304.70 on 20 November 2023. Shares of NewGen Software also hit a new 52-week high on Monday. The company’s stock hit a 52-week low of Rs. 329 is.
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The stock jumped 117% in 6 months
Shares of Nugen Software Technology have gained 117% in the past 6 months. On May 22, 2023, the shares of the company were Rs. were at 603.25. Shares of Nugen Software on 20 November 2023 at Rs. 1304.70 has been reached. At the same time, the software company’s shares have risen nearly 25% in the past one month. On 23 October 2023, the shares of the company were Rs. 1048.60, which on November 20 was Rs. 1304.70 was reached. Nugen Software has a market cap of around Rs. 9127 crores.
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