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Newgen Software locks at 5% upper limit

NSE:NEWGEN   NEWGEN SOFTWARE
Newgen Software locks at 5% upper limit, hits new high on bonus issue plan

Around 19,000 equity shares have changed hands and there are pending buy orders for nearly 30,000 shares on the NSE and BSE, the data shows

Shares of Newgen Software Technologies hit a new high of Rs 1,304.70 as they were locked in the 5-per cent upper circuit on the BSE on Monday at 09:30 AM, after the company announced that its board will meet on November 27 to consider and recommend a proposal for the issue of bonus shares.
Around 19,000 equity shares have changed hands and there are pending buy orders for nearly 30,000 shares on the NSE and BSE, the data shows.

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