Majesco is currently trading at Rs. 421.15, up by 0.50 points or 0.12% from its previous closing of Rs. 420.65 on the BSE.
The scrip opened at Rs. 421.00 and has touched a high and low of Rs. 422.20 and Rs. 421.00 respectively.
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. 431.95 and Rs. 413.90 respectively. The current market cap of the company is Rs. 1197.53 crore.
The promoters holding in the company stood at 38.67%, while Institutions and Non-Institutions held 22.26% and 39.08% respectively.
Majesco has been positioned as a ‘Visionary’ in the August 2019 Magic Quadrant for Life Insurance Policy Administration Systems, North America. The report evaluates 12 vendors. According to the report, ‘This Magic Quadrant provides a lens into the North American market for life insurance policy administration systems (PASs) used by individual and group life and annuity (L&A) insurers.’
Majesco enables insurance business transformation for approximately 150 insurance customers by providing solutions which include software, consulting and services.