Trending stocks: Majesco share price climbs 3%

NEW DELHI: Shares of Majesco traded 3.0 per cent up in Wednesday 's trade at 12:14PM (IST). Around 1238 shares changed hands on the counter.

The scrip opened at Rs 261.5 and touched an intraday high and low of Rs 272.9 and Rs 261.5 , respectively, in the session so far. Shares of the company quoted a 52-week high of Rs 588.4 and a 52-week low of Rs 170.55 .

Majesco Ltd., incorporated in the year 2013, is a Small Cap company (having a market cap of Rs 746.82 Crore) operating in IT Software sector.



Key Financials
The company reported consolidated net sales of Rs 265.1 crore for the quarter ended 31-Dec-2019 , up 10.57 per cent from previous quarter's Rs 239.75 crore and up 4.08 per cent from the year-ago quarter's Rs 254.71 crore.

Bottomline for the latest quarter stood at Rs 23.43 crore, up 57.04 per cent from the corresponding quarter last year .

Shareholding pattern
As of 31-Mar-2020 , domestic institutional investors held 29.18 per cent stake in the firm , while foreign institutional investors held 10.09 per cent and the promoters 26.27 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 14.17 and a price-to-book ratio of 1.03 . 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.