Buy Majesco Ltd. target Rs 590.0 : ICICI Direct

ICICI Direct has buy call on Majesco Ltd. with a target price of Rs 590.0 . The current market price of Majesco Ltd. is Rs 554.85 Time period given by analyst is month when Majesco Ltd. price can reach defined target. ICICI Direct recommended to keep stoploss at Rs 486
Majesco Ltd., incorporated in the year 2013, is a Small Cap company (having a market cap of Rs 1252.44 Crore) operating in Information Technology sector.

Majesco Ltd. key Products/Revenue Segments include I T Services which contributed Rs 15.27 Crore to Sales Value (97.88 % of Total Sales) and Other Operating Revenue which contributed Rs .33 Crore to Sales Value (2.11 % of Total Sales)for the year ending 31-Mar-2017.

The company’s top management includes Dr.Arun Kumar Maheshwari, Mr.Farid Kazani, Mr.Ketan Bansilal Mehta, Mr.Radhakrishnan Sundar, Mr.Venkatesh Chakravarty, Ms.Madhu Dubhashi. Company has Varma & Varma as its auditoRs As on 31-12-2017, the company has a total of 23,593,936 shares outstanding.