NEWGEN (Mid Cap - Next Multibagger) Share Target 2024, 2025 To 2039
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Newgen Software Technologies Limited |
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Price: ₹1,585.35 | ||
| 52 Week Low: ₹676.05 52 Week High: ₹1,629.00 |
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| Market Capital: 17,282.01 Crore (Midcap) | |||
| Technology -> Software—Application | |||
Show Table of Contents
Table of Contents
- 1: Approach 1: Technical Analysis Paired With Price Action
- 1.1: NEWGEN Share Price Target For 2024
- 1.1.1: NEWGEN Share Price Target Table For 2024
- 1.1.2: Short-Term Technical Outlook
- 1.2: NEWGEN Share Price Target For 2025
- 1.2.1: NEWGEN Share Price Target Table For 2025
- 1.2.2: Long-Term Technical Outlook
- 2: Approach 2: Machine Learning By Studying Historical Prices
- 2.1: NEWGEN Share Price Target Chart and Table From 2024, 2025, 2026 to 2039
- 3: NEWGEN Brief Company Overview
- 4: NEWGEN Financial Performance
- 4.0.1: Is NEWGEN A Good Buy For Long Term?
To predict the NEWGEN's future market prices, we harnessed 2 dynamic approaches:
Approach 1: Technical Analysis Paired With Price Action
Approach 2: Machine Learning By Studying Historical Prices
Approach 1: Technical Analysis Paired With Price Action
NEWGEN Share Price Target For 2024
The line chart displays the monthly closing prices of NEWGEN with a black line. The green line shows three potential target prices for 2024, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for NEWGEN shares in 2024, see the table below.
NEWGEN Share Price Target Table For 2024
| Level | Value | Analysis |
|---|---|---|
| 2024 Target 3 | 1741.91 (+9.86%) | Fibonacci Extension Level 123.60% |
| 2024 Target 2 | 1715.24 (+8.19%) | Price Action: Chart |
| 2024 Target 1 | 1698.26 (+7.12%) | Fibonacci Extension Level 23.60% |
| Current Price | 1585.35 | NEWGEN's share price as of 23 Dec 2024 |
| Stop Loss 1 | 1548.0 (-2.36%) | Price Action: Sep 2024 High |
| Stop Loss 2 | 1528.9 (-3.57%) | Price Action: 19 Dec 2024 High |
| Stop Loss 3 | 1508.95 (-4.82%) | Price Action: 17 Dec 2024 High |
Short-Term Technical Outlook
Current Technical Position: NEWGEN is showing bullish momentum with price above both 25-day and 50-day moving averages.
Key Technical Level: The 25-day moving average at ₹1303.01 serves as the nearest technical reference point.
Historical Returns: 3-month: +17.35% | 6-month: +62.6% | 1-year: +102.28%
NEWGEN Share Price Target For 2025
The line chart displays the monthly closing prices of NEWGEN with a black line. The green line shows three potential target prices for 2025, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for NEWGEN shares in 2025, see the table below.
NEWGEN Share Price Target Table For 2025
| Level | Value | Analysis |
|---|---|---|
| 2025 Target 3 | 2270.57 (+43.22%) | Price Action: Chart |
| 2025 Target 2 | 2228.23 (+40.54%) | Price Action: Chart |
| 2025 Target 1 | 2206.17 (+39.15%) | Fibonacci Extension Level 64.90% |
| Current Price | 1585.35 | NEWGEN's share price as of 23 Dec 2024 |
| Stop Loss 1 | 1443.3 (-8.97%) | Price Action: 09 Dec 2024 High |
| Stop Loss 2 | 1409.5 (-11.1%) | Price Action: Oct 2024 High |
| Stop Loss 3 | 1393.95 (-12.08%) | Price Action: 11 Dec 2024 Low |
Long-Term Technical Outlook
52-Week Range Analysis: NEWGEN is currently trading near its 52-week high of ₹1629, showing strong yearly momentum.
Long-Term Trend Analysis: The stock is maintaining a bullish long-term trend, trading above both 150-day and 250-day moving averages.
Long-Term Performance: 1-year: +102.28% | 3-year: +447.34% | 5-year: +1,582.04%
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Approach 2: Machine Learning By Studying Historical Prices
NEWGEN Share Price Target Chart and Table From 2024, 2025, 2026 to 2039
| Year | Target 1 | Target 1 YoY Chg % | Target 2 |
|---|---|---|---|
| Current Price | ₹1,585.35 | ||
| 2024 | ₹1,295.88 | -18.25% | ₹1,315.32 |
| 2025 | ₹1,662.29 | +28.27% | ₹1,687.22 |
| 2026 | ₹2,165.22 | +30.25% | ₹2,197.70 |
| 2027 | ₹2,541.99 | +17.4% | ₹2,580.12 |
| 2028 | ₹2,688.05 | +5.74% | ₹2,983.26 |
| 2029 | ₹3,287.15 | +22.28% | ₹3,336.46 |
| 2030 | ₹3,616.12 | +10% | ₹3,742.55 |
| 2031 | ₹4,225.79 | +16.85% | ₹4,289.18 |
| 2032 | ₹4,574.30 | +8.24% | ₹4,642.91 |
| 2033 | ₹4,540.88 | -0.73% | ₹5,087.93 |
| 2034 | ₹5,278.41 | +16.24% | ₹5,357.59 |
| 2035 | ₹5,569.96 | +5.52% | ₹5,801.79 |
| 2036 | ₹6,286.36 | +12.86% | ₹6,380.66 |
| 2037 | ₹6,606.62 | +5.09% | ₹6,705.72 |
| 2038 | ₹6,393.71 | -3.22% | ₹7,192.59 |
| 2039 | ₹6,740.80 | +5.42% | ₹7,346.21 |
Note: Target 1 and Target 2 represent price levels that the stock is most likely to achieve during the respective year, based on machine learning algorithms analyzing historical price patterns and market behavior. These predictions are generated through comprehensive analysis of the stock's historical data using advanced ML models.
NEWGEN Brief Company Overview
Newgen Software Technologies Limited: A Leading Software Provider Founded in 1992, Newgen Software Technologies Limited is a renowned software company providing innovative products and solutions globally. Their diverse product range includes: Enterprise...
Content Management: Managing the lifecycle of enterprise content. Business Process Management: Streamlining workflows with process automation. Customer Communication Management: Managing customer communications across multiple channels. Case Management: Handling business cases through a software-based approach. Digital Process Automation: Providing end-to-end automated solutions in real-time. Newgen is committed to providing cutting-edge software solutions that cater to a wide range of industries, including financial institutions, insurance, healthcare, government, and telecom.NEWGEN Financial Performance
| Metric | Value | Description |
|---|---|---|
| Market Capital | 17,282.01 Crore | Market valuation of NEWGEN's shares. |
| Revenue (TTM) | 1,374.79 Crore | Total revenue generated by NEWGEN over the past twelve months. |
| Net Income (TTM) | +291.51 Crore | Net Profit or Loss after all the expenses over the past twelve months. |
| Operating Margin | +20.76% | Income from operations as a percentage of revenue, before taxes and interest. |
| Profit Margin | +21.2% | Net income as a percentage of revenue, after all expenses. |
| Revenue Growth (Quarterly) |
+23.2% | Change in revenue compared to the previous quarter. |
| Earnings Growth (YOY Quarterly) |
+47.2% | Change in earnings compared to the same quarter last year. |
| Debt-to-Equity (D/E) Ratio |
3.33 | Company's total debt divided by total shareholder equity. |
| Total Debt | 43.26 Crore | Sum of NEWGEN's current & long-term financial obligations. |
| Total Cash | 727.9 Crore | Total amount of liquid funds available to NEWGEN. |
| Beta | 1.24 | Beta is greater than 1 indicating that the NEWGEN's price is more volatile than the market. |
Is NEWGEN A Good Buy For Long Term?
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Disclaimer: The information provided on this page is for educational purposes only and should not be considered as financial advice. Historical performance data and technical analysis cannot guarantee future results. Stock investments are subject to market risks. Please consult with a qualified financial advisor before making any investment decisions.
All stock data shown is sourced from publicly available information and while we strive for accuracy, we cannot guarantee the absolute accuracy of all figures. Users should verify critical information from official sources before making investment decisions.
