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Majesco launches new data solutions, stock sizzles nearly 5%
Majesco is buzzing on bourses in the opening hours of Wednesday’s trading session. The stock opened in green and is up by 4.3%. It touched a high of Rs 360 per share on intraday basis.
In a recent development, the company announced on Tuesday post market hours that the company is going to launch two new solutions, Majesco Enterprise Data Model and Majesco Enterprise Data Warehouse.
These solutions, along with Majesco data services and Majesco business analytics, provides a framework and assets to create a path for insurers to accelerate their data mastery maturity to achieve business differentiation and optimisation through data.
The stock has underperformed the BSE small cap & BSE IT indices and delivered negative returns of 28% in a time frame of one year.
In a recent development, the company announced on Tuesday post market hours that the company is going to launch two new solutions, Majesco Enterprise Data Model and Majesco Enterprise Data Warehouse.
These solutions, along with Majesco data services and Majesco business analytics, provides a framework and assets to create a path for insurers to accelerate their data mastery maturity to achieve business differentiation and optimisation through data.
The stock has underperformed the BSE small cap & BSE IT indices and delivered negative returns of 28% in a time frame of one year.
Stock view:-
Majesco Ltd is currently trading at Rs 376.6, up by Rs 33.35 or 9.72% from its previous closing of Rs 343.25 on the BSE.
The scrip opened at Rs 346.5 and has touched a high and low of Rs 381 and Rs 346.5 respectively. So far 316204(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 801.19 crore.
The BSE group 'B' stock of face value Rs 5 has touched a 52 week high of Rs 650 on 21-Apr-2016 and a 52 week low of Rs 331 on 15-Feb-2017. Last one week high and low of the scrip stood at Rs 357.75 and Rs 342 respectively.
The promoters holding in the company stood at 48.43 % while Institutions and Non-Institutions held 13.49 % and 38.08 % respectively.
The stock is currently trading below its 200 DMA.
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