Majesco is currently trading at Rs. 508.00, up by 5.40 points or 1.07% from its previous closing of Rs. 502.60 on the BSE.
The scrip opened at Rs. 498.90 and has touched a high and low of Rs. 508.00 and Rs. 498.90 respectively. So far 59 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. 519.70 and Rs. 481.00 respectively. The current market cap of the company is Rs. 1439.95 crore.
The promoters holding in the company stood at 39.16%, while Institutions and Non-Institutions held 20.81% and 40.03% respectively.
Majesco has planned to unveil its new brand and vision for the future of insurance at Convergence 2019, the company's global customer conference. Over the last nine months alone, the company increased its revenue by more than 14%, as reported in its third quarter financial results. This was driven primarily by the growing success of its cloud strategy, with a 51% increase in cloud revenues year over year for the quarter, representing nearly 40% of the company's total revenue.
Majesco enables insurance business transformation for approximately 150 insurance customers by providing solutions which include software, consulting and services.
