Is it good to buy Majesco share?

Is it good to buy Majesco share?

Investors are buying the stock of Majesco since the time it declared a dividend of nearly 20,000% on December 15. But, it may not be a great idea, according to analysts.

Why is Majesco stock falling?

On Tuesday, shares of Majesco declined as investors chose to sell, rather than be taxed for dividend income. The stock was down by half a percent a day after the company announced an interim dividend of Rs 974 per share for the financial year 2020-21.

What is the future of Majesco share?

MAJESCO LIMITED INR5 MAJESCO share price target for year 2022

First down price target	86.85	87.35
Third down price target	84.00	88.00
Fourth down price target	80.25	89.50
Fifth up price target	92.00
Sixth up price target	93.50

What happened to Majesco shares?

Majesco Ltd announced that its Board of Directors had approved payment of interim dividend at the rate of 19,480% for the financial year 2020-21! This means that the company will pay Rs 974 per equity share of the face value of Rs 5 each.

Is Majesco a good buy in 2021?

10 best-performing smallcaps of 2021: Majesco tops with 387% gains; here’s the complete list. Broader markets have been outperforming benchmark indices in 2021. So far this year, the smallcap index has risen over 34 percent compared to a 9 percent rise in the benchmark Sensex.

Is Majesco closing in India?

Aurum Ventures Pvt. Ltd has signed a pact to buy out Mumbai-listed Majesco Ltd’s controlling shareholders, eight months after Chicago-based private equity firm Thoma Bravo acquired the Indian company’s main US business.

Is Majesco a good company?

Majesco is rated 3.6 out of 5, based on 251 reviews by employees on AmbitionBox. Majesco is known for Company culture which is rated at the top and given a rating of 3.5. However, Job Security is rated the lowest at 3.1 and can be improved.

How is Majesco share?

MAJESCO Share Price Today: MAJESCO last traded price was up 2.4% to Rs 81.9 on the BSE. On the NSE, MAJESCO last traded price was up 1.8% to Rs 81.3.

Is Majesco an Indian company?

Majesco Software AND Solutions India Private Limited is an Indian Non-Government Company. It’s a private company and is classified as’company limited by shares’. Company’s authorized capital stands at Rs 500.0 lakhs and has 0.2% paid-up capital which is Rs 1.0 lakhs.

Why Majesco give so much dividend?

Why such huge dividend payout? Dividends paid by Majesco in recent years hovered in the range of Re 1 to Rs 2 per share. However, the company decided to sell the business. The sale proceeds after accounting for expenses and capital gains tax, led to cash accumulation of Rs 1028 per share in its books.

Is Majesco delisting?

In an earnings call on August 14, 2020, Farid Kazani—then Majesco’s Managing Director—said the company would distribute the cash it got to its shareholders. “The ultimate process will be in doing the compulsory delisting and dissolution,” Kazani said, referring to Majesco’s Indian entity.

What does Majesco India do?

Majesco works with insurers, reinsurers, brokers, MGAs as well as greenfields and start-ups in the insurance industry. We have over 200 customers across P&C, L&A and Group Benefits who are transforming their businesses by modernizing, optimizing or creating new business models with Majesco solutions.

Is Majesco a public company?

In conjunction with the closing, Majesco’s common stock will cease trading before the market opens on Tuesday, September 22, 2020 and the Company will no longer be listed on the Nasdaq stock exchange. Majesco will operate as a privately-held company.

Did Majesco share split?

Aurum Proptech Ltd. has not split the face value of the share since Jan 1, 2000. Is Majesco Ltd.

Why Majesco share price down quora?

Why is Majesco stock price not going up despite declaring a dividend of ₹974? It is not going up but will go down by same amount on the ex-dividend date. Then it will become a penny stock. The reason being company sold the core business in US and is distributing the profit as dividend.

What is the market share of Nykaa in India?

Nykaa currently has a 28.6 percent market share in the Indian online beauty and personal care market, as per ICICI Securities estimates.

What is the news on Majesco?

Majesco shares locked in 5% upper circuit for 16th straight session. Majesco shares trade ex-dividend, locked in 5% upper circuit. Majesco hits record high as Co’s board approves interim dividend of Rs 974. Majesco hits new high, trades above proposed buyback price of Rs 845.

Is Majesco and Aurum same?

MUMBAI: Real estate developer Aurum Ventures has acquired 14.78% in IT consulting and software company Majesco through a subsidiary, Aurum Platz IT Private Limited, in what is possibly the first acquisition of an IT company by a real estate group.

How much dividend was given by Majesco?

The board of directors of Majesco, at its meeting held on December 15, 2020, had approved an interim dividend of Rs 974 (19,480 per cent) per equity share of face value of Rs 5 each for the financial year 2020-2021.