Strong results, strong reaction and continues to move - NewGen

Great results yesterday that beat the estimates handsomly. The stock reacted positively (although the float isnt very high). Still awaiting analyst call but

• Caters to mid tier banks and FI globally - this is a niche segment not fully explored by large IT firms
  
• Their product is in vogue these days - low code enterprise (and niche as well)
  
• Pricing has enhanced and so has adoption - cant see many reasons why the good results wont continue a couple more quarters
  

The street has been caught off guard (volumes indicated that) and this buying may continue for some time - but the stock will remain volatile given the relatively thinner volumes