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Majesco surges on the BSE

14 Jul 2020 Evaluate

Majesco is currently trading at Rs. 350.50, up by 0.45 points or 0.13% from its previous closing of Rs. 350.05 on the BSE.

The scrip opened at Rs. 359.70 and has touched a high and low of Rs. 359.70 and Rs. 349.00 respectively. So far 546 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. 170.55 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 374.00 and Rs. 342.05 respectively. The current market cap of the company is Rs. 1007.59 crore.

The promoters holding in the company stood at 38.25%, while Institutions and Non-Institutions held 23.46% and 38.29% respectively.

Majesco has been recognized by Celent with the XCelent award for Depth of Service in the North American Policy Administration Systems 2020 Personal, Commercial and Specialty ABCD Vendor View Report for the leading score. In judging the Depth of Service award, Celent looks at multiple factors, including the implementation capabilities and ongoing post implementation support.

This evaluation methodology also considers the perspective of customers, who provided feedback through an extensive survey. The XCelent award for Depth of Service recognizes Majesco’s performance in these critical areas.

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

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