Bengaluru, March 27 -- The shares of this IT stock, specializing in software product development jumped over 7 percent on Thursday after signing a $1.3 million international contract.

Stock Performance

With a market capitalization of Rs 14,304.85 crore, Newgen Software Technologies Ltd rose over 7 percent in Thursday's trading session and made an intraday high of Rs 1038 per share compared to its previous closing price of Rs 969.80 per share. The shares reiterated from the day's high and were trading at Rs 1011.10 which is 4 percent higher than the previous close.

What Happened

Through an exchange filing, Newgen Software Technologies announced the acceptance of a contract from an international client for providing Enterprise Content M...