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Majesco inches up on the BSE

31 Aug 2018 Evaluate

Majesco is currently trading at Rs. 524.95, up by 1.95 points or 0.37% from its previous closing of Rs. 523.00 on the BSE.

The scrip opened at Rs. 525.00 and has touched a high and low of Rs. 525.10 and Rs. 522.00 respectively. So far 2405 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 603.95 on 24-Jan-2018 and a 52 week low of Rs. 395.00 on 27-Sep-2017.

Last one week high and low of the scrip stood at Rs. 525.10 and Rs. 495.45 respectively. The current market cap of the company is Rs. 1475.54 crore.

The promoters holding in the company stood at 39.65%, while Institutions and Non-Institutions held 21.99% and 38.36% respectively.

Majesco’s insurance arm and Denim have jointly released Digital Insurance 2.0: Multi-Channel Distribution Mastery Report. The report, Distribution in the Age of Digital Insurance 2.0: Expanding Reach and Options to Shift Insurance from Being ‘Sold’ to ‘Bought’, details why and how insurers and distributers must move to a digital, multi-channel strategy that includes an ecosystem of options and partners for their distribution network to align to customer behavior and expectations.

The report leverages Majesco's primary consumer and SMB research as well as Denim's analysis of its over 1 billion data points that highlight customer demands for multi-channel engagement and the impact on customer growth and retention.

Majesco enables insurance business transformation for approximately 150 insurance customers by providing solutions which include software, consulting and services.

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