FirstCry, Apar Industries, Newgen Software shares rise up to 17% amid high trading volumes

June 26, 2025 | Mumbai: Shares of FirstCry, Apar Industries, and Newgen Software rallied sharply on Wednesday, rising up to 17% intraday amid surging trading volumes and broader optimism in mid-cap and small-cap counters. The sharp uptick in investor interest was largely driven by a mix of institutional buying, strong quarterly guidance, and favorable sectoral cues.

FirstCry: Investor Appetite High Ahead of Listing Developments

Shares of FirstCry (Brainbees Solutions Pvt Ltd), the omni-channel baby and mother care retail platform, saw a 16.8% intraday rise in the unlisted space amid speculation of renewed momentum around its long-awaited IPO plans.

Market insiders suggest that recent meetings between company officials and investment bankers have reignited talks about a Q3 FY26 listing. This follows FirstCry’s earlier delay in going public due to volatile market conditions in FY24.

“There is growing optimism that FirstCry will finally make its debut later this year,” said Ramesh Solanki, Head of Pre-IPO Research at SMC Global. “The market is clearly pricing in the possibility of a strong retail and institutional response, especially with Zomato and Nykaa rebounding recently.”

Apar Industries Jumps 15% on Robust Order Pipeline

Apar Industries Ltd, a major player in conductors and transformer oils, surged over 15% in intra-day trade before settling with solid gains on the NSE. The stock witnessed trading volumes more than 5x the daily average, with block deals observed early in the session.

The rally comes days after the company announced that it had bagged a ₹600 crore order from a Southeast Asian utility for specialized cables, marking a significant entry into new export markets.

“Apar has been aggressively expanding into high-margin exports, and the order win signals a healthy future pipeline,” noted Rachit Mehta, Power & Infra Analyst at Motilal Oswal. “At 20x forward earnings, the stock remains reasonably valued given its growth outlook.”

The company’s management has guided for a 25% revenue growth in FY26, driven by both domestic infra push and global transmission projects.

Newgen Software Rallies on AI Integration Buzz

Meanwhile, Newgen Software Technologies Ltd saw its shares soar by 17% to hit a new 52-week high, boosted by excitement around its newly announced AI-integrated BPM (Business Process Management) suite.

The Delhi-based enterprise software player unveiled its GenAI-enabled platform, “NewgenONE AI Studio,” designed to automate document-heavy workflows for BFSI, healthcare, and government clients. The announcement was well-received by investors, with volumes surging over 6x the average.

“The GenAI integration positions Newgen as a serious contender in the global enterprise automation market,” said Jyoti Bansal, CTO at Crest Analytics. “They’re not just chasing the AI trend—they're embedding it into core product architecture.”

Newgen also reported a 23% YoY increase in Q4 net profit earlier this month, with expanding margins and higher license revenue contributing to investor optimism.

Market Context: Mid-Cap and Tech Stocks Back in Focus

The rally in these three stocks aligns with a broader trend in the Indian equity markets, where mid-cap and small-cap stocks have outperformed in June. With the Nifty Midcap 100 index up nearly 4.3% month-to-date, investors are increasingly looking at fundamentally strong growth stories outside the large-cap space.

The technology sector in particular has seen renewed interest following positive guidance from U.S.-listed peers and improving enterprise spending forecasts globally. Meanwhile, infra-related firms like Apar are benefiting from increased government spending and PLI-linked capex cycles.

Investor Outlook: Tactical Buying, But Caution Advised

While the sharp upmove in FirstCry, Apar, and Newgen reflects strong momentum, analysts advise retail investors to approach with a balanced perspective.

“Momentum is great, but one must not ignore valuation and sustainability,” cautioned Deepali Verma, Portfolio Strategist at JM Financial. “It’s important to differentiate between long-term compounders and short-term momentum trades.”

She recommends using dips to accumulate Newgen and Apar for medium- to long-term gains, while suggesting that FirstCry’s pricing in the grey market could remain volatile until IPO clarity emerges.

The sharp gains in FirstCry, Apar Industries, and Newgen Software underscore the market's growing interest in quality mid-cap and growth-oriented tech names. With institutional activity picking up and favorable sector-specific developments, these stocks may remain in focus in the coming weeks. However, investors are advised to balance optimism with due diligence as volatility remains high in the broader market.