Majesco is currently trading at Rs. 496.80, up by 4.50 points or 0.91% from its previous closing of Rs. 492.30 on the BSE.
The scrip opened at Rs. 488.45 and has touched a high and low of Rs. 498.00 and Rs. 488.45 respectively. So far 412 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 581.00 on 30-Apr-2018 and a 52 week low of Rs. 401.10 on 19-Jul-2018.
Last one week high and low of the scrip stood at Rs. 522.00 and Rs. 486.65 respectively. The current market cap of the company is Rs. 1411.60 crore.
The promoters holding in the company stood at 39.16%, while Institutions and Non-Institutions held 20.81% and 40.03% respectively.
NASDAQ listed Majesco has acquired the India based insurance software business from its parent company, Majesco. The business will be acquired by Majesco's 100% subsidiary in India, Majesco Software and Solutions India (MSSIPL), and is subject to statutory approvals including approval of the shareholders of Majesco and shall be effective from April 1, 2019.
Majesco enables insurance business transformation for approximately 150 insurance customers by providing solutions which include software, consulting and services.
