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Newgen Software rebounds, biggest single day surge since AugThe New Delhi-based software solutions is up over 4% after hitting a 52-week low just a day earlier.By CNBCTV18.com February 17, 2026, 11:49:16 AM IST (Updated)1 Min ReadA bunch of Indian tech companies have announced partnerships with international players in the field of artificial intelligence (AI). Still, Newgen Software Technologies, which hasn't revealed any such pact yet, has seen the sharpest spurt. 

The stock of Newgen Software gained as much as 12.9 % on Feb 17, a day after it hit a 52-week low. This is the sharpest single-day jump since August 5 last year. 

The rally is backed by strong volumes, more than 8 times the last 10-day average. 

The stock is still 62.5% below its 52-week high. Six out of the nine analysts covering the stock have a 'buy' rating. The consensus target price is ₹834.29, which is over 64% above the current market price. 

The latest bout of selling in the stock came after the disappointing earnings report for the quarter ended December 2025. 

Yet on January 21, analysts at Jefferies said the price was attractive after accounting for the new earnings estimates. The stock is still down nearly 20% from its level at the time of the Jefferies upgrade. 

: Avoid Ola Electric; L&T stays a top holding, HDFC AMC well placed: Marketsmith's Mayuresh Joshi.Continue Reading(Edited by : Sriram Iyer)First Published: Feb 17, 2026 11:47 AM ISTTagsIT stocksNewgen Software Technologiesshare market todaysoftware