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Majesco gains on entering into strategic collaboration with KPMG

11 Sep 2020 Evaluate

Majesco is currently trading at Rs. 760.10, up by 5.90 points or 0.78% from its previous closing of Rs. 754.20 on the BSE.

The scrip opened at Rs. 746.10 and has touched a high and low of Rs. 764.00 and Rs. 746.10 respectively. So far 3854 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 802.95 on 14-Aug-2020 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. NA and Rs. NA respectively. The current market cap of the company is Rs. 2259.46 crore.

The promoters holding in the company stood at 38.23%, while Institutions and Non-Institutions held 23.55% and 38.23% respectively.

Majesco and KPMG have entered into strategic collaboration to accelerate insurance digital transformation using Majesco Digital1 Insurance platform. Digital1is the insurance industry’s leading cloud-native, microservices-based digital experience platform with a low code / no code configurability and a robust API and partner ecosystem apps. Combined with Majesco’s industry leading CloudInsurer, core insurance platform, provides insurers with an unparalled end-to-end capability enabling insurers to become more connected with their clients, agents and brokers.

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

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