Share market update: Majesco shares up 5% in early trade

NEW DELHI: Shares of Majesco Ltd. traded 4.69 per cent up in Monday's trade at 09:31AM (IST). Around 761 shares changed hands on the counter.

The counter opened at Rs 13.4 and touched an intraday high and low of Rs 13.4 and Rs 13.4, respectively, in the session so far. Shares of the company of Majesco Ltd. quoted a 52-week high of Rs 1019.0 and a 52-week low of Rs 12.2.

As per BSE, the total market cap of the Majesco Ltd. stood at Rs 40.04 crore at the time of writing this report.


Key Financials
The company reported consolidated sales of Rs 2.12 crore for the quarter ended 30-Sep-2020, down 99.32 per cent from previous quarter's Rs 311.0 crore and down 99.12 per cent from the year-ago quarter's Rs 239.75 crore.

The net profit for latest quarter stood at Rs 1758.3 crore, up 12604.48 per cent from the same quarter a year ago.

Shareholding pattern
As of 30-Sep-2020, domestic institutional investors held 9.17 per cent stake in the firm, while foreign institutional investors held 15.2 per cent and the promoters 23.69 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 0.02 and a price-to-book ratio of 1.05. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Majesco Ltd. belongs to the IT Consulting & Software - Small Cap industry.