Newgen Software Technologies shares surged 14.63% to Rs 541.65 during Friday's trading session, riding a broad-based rally in the information technology sector. The stock gained alongside leading IT names as the Nifty IT index advanced more than 2%, supported by upbeat investor sentiment following Tata Consultancy Services' (TCS) better-than-expected first-quarter earnings.
Among largecap IT stocks, Infosys, Wipro, HCL Technologies, and Tech Mahindra climbed as much as 4%, reflecting renewed optimism over the sector's earnings outlook.
