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16-Apr2019

Majesco moves up on unveiling 'Majesco P&C Core Suite version 11'

Majesco is currently trading at Rs. 494.75, up by 0.85 points or 0.17% from its previous closing of Rs. 493.90 on the BSE.

The scrip opened at Rs. 494.30 and has touched a high and low of Rs. 498.90 and Rs. 494.00 respectively. So far 291 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 581.00 on 30-Apr-2018 and a 52 week low of Rs. 401.10 on 19-Jul-2018.

Last one week high and low of the scrip stood at Rs. 509.00 and Rs. 487.70 respectively. The current market cap of the company is Rs. 1403.10 crore.

The promoters holding in the company stood at 39.44%, while Institutions and Non-Institutions held 20.36% and 40.21% respectively.

Majesco has unveiled the upcoming version 11 release of the Majesco P&C Core Suite, including Majesco Policy for P&C, Majesco Billing for P&C and Majesco Claims for P&C. The new version will be generally available in October 2019.

It is a time of disruption and change in the insurance industry - technological revolution, fast-changing customer needs and expectations, and shifts to an on-demand, sharing, Gig and platform economy. These powerful trends are driving the creation of new business models, new products, new services and new markets by those who embrace the disruptive potential and looked forward to the future of insurance by modernizing, optimizing and creating new products, services and business models within the business.

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



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