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Majesco surges on the BSE

Majesco is currently trading at Rs. 422.00, up by 5.10 points or 1.22% from its previous closing of Rs. 416.90 on the BSE.

The scrip opened at Rs. 425.00 and has touched a high and low of Rs. 426.45 and Rs. 422.00 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. 426.45 and Rs. 407.00 respectively. The current market cap of the company is Rs. 1189.41 crore.

The promoters holding in the company stood at 38.59%, while Institutions and Non-Institutions held 22.51% and 38.89% respectively.

Aon Affinity, a division of Aon Plc., has selected Majesco’s Modern, SaaS-Based P&C Core Suite to fuel the high-growth potential of its business. By replacing complex, legacy applications from multiple products, carriers, programs and channels with Majesco P&C Core Suite on Majesco CloudInsurer combined with Majesco Enterprise

Data Warehouse and Majesco Insurance and Data Analytics Platform, Aon Affinity will be able to significantly increase its speed to market with customized products and services for its diverse affinity groups, while optimizing their operations and improving their business insights.

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

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