Newgen Share Price Slumps — What’s Behind Today’s Drop?

July 18, 2025: Newgen Share Price, a notable player in the IT Consulting & Software sector and classified as a Smallcap on the BSE, experienced a significant drop in its share price today, closing at ₹970.75. The stock fluctuated between a low of ₹968 and a high of ₹1020 during the trading session.

Over the past 52 weeks, Newgen share price have seen a wide range, hitting a low of ₹740.05 and a peak of ₹1795.5, highlighting the stock’s volatile nature. Today’s decline of 5.55% adds to a challenging month where the stock dropped nearly 20%, although it still shows a modest 1.99% gain over the past three months.

From a technical standpoint, the stock’s daily pivot level is set at ₹993.77, with resistance levels at ₹1007.53, ₹1033.77, and ₹1047.53. On the downside, support levels are pegged at ₹967.53, ₹953.77, and ₹927.53. These levels are critical for traders looking to navigate the near-term price action.

Moving averages reveal that Newgen Share Price 5-day Simple Moving Average (SMA) stands at ₹1089.21, with an Exponential Moving Average (EMA) of ₹1071.14, both notably above the current price, indicating bearish momentum in the short term. Longer-term averages, including the 50-day SMA at ₹1175.73 and the 200-day SMA at ₹1194, suggest the stock is trading well below key historical levels.

When compared to sector giant Tata Consultancy Services (TCS), which has also faced a downward trend recently, Newgen’s performance shows more volatility but holds strong gains in the long term, boasting a 5-year return exceeding 1000%.

Investors should closely monitor the stock’s ability to hold key support levels and watch for any technical signals that may indicate a reversal or further decline. With its strong historical growth, Newgen Software Technologies remains a stock with potential, though caution is advised amid current market fluctuations.