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Newgen Software Share Price Extends Sell Off As Jefferies Downgrades Post Q3 Results

Newgen Software Ltd., shares continued their downward momentum as prices fell nearly 10% even on Wednesday, after dropping over 17% a day ago. Jefferies had downgraded the stock from a ‘buy’ to ‘underperform’, based on the third quarter earnings of the company.

Newgen’s third quarter revenue of…

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