Newgen shares drop on Q1 miss; Analysts flag weak margins
Newgen Software tumbled over 6% after Q1 revenue and profit fell sharply quarter-on-quarter. While subscription income rose 19% YoY, weak international sales hurt margins, which narrowed to 14%. Analysts flagged a technical breakdown and bearish momentum, with support seen near ₹940-950. The stock is down 43% YTD, with sentiment turning bearish.