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Majesco gains on the BSE

13 Sep 2019 Evaluate

Majesco is currently trading at Rs. 426.80, up by 0.75 points or 0.18% from its previous closing of Rs. 426.05 on the BSE.

The scrip opened at Rs. 425.00 and has touched a high and low of Rs. 426.80 and Rs. 425.00 respectively. So far 13 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 588.40 on 15-Jul-2019 and a 52 week low of Rs. 399.80 on 22-Aug-2019.

Last one week high and low of the scrip stood at Rs. 438.45 and Rs. 419.45 respectively. The current market cap of the company is Rs. 1208.91 crore.

The promoters holding in the company stood at 38.67%, while Institutions and Non-Institutions held 22.26% and 39.08% respectively.

Stillwater Insurance, a US insurer operating in all 50 states, has selected Majesco Claims for P&C on Majesco Cloud Insurer with Majesco Enterprise Data Warehouse for data analytics capabilities. In a rigorous, six-month process to assess whether to upgrade their existing claims system or replace it with a new claims system, Stillwater evaluated several vendors, including Majesco. Their evaluation included a site visit with a Majesco customer and multiple conversations with industry peers at Convergence, Majesco’s annual customer conference.

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

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