Why did Majesco share fall?
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The main reason for this is because the insurance technology firm had sold one of its business units- Majesco US- to Thoma Bravo, a private equity firm. The sale proceeds after accounting for expenses and capital gains tax had been Rs 3,853.3 crore!
How is lower circuit decided?
Who decides these circuit filters? The circuit filters are set by market regulator Securities Exchange Board of India, or SEBI, and revised on the basis of market volatility or any unusual activity in certain counters. These apart, the circuit filters are also revised periodically on the basis of market liquidity.
Why did Majesco give high 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 going to close?
(i) Majesco is strategic partner insurers count on to deliver digital business transformation….Buy Back Offer Deal:
| Buyback Type: | Tender Offer |
|---|---|
| Buyback Opening Date: | Nov 27 2020 |
| Buyback Closing Date: | Dec 11 2020 |
| Buyback Offer Amount: | ₹ 631.26 Cr |
| Date of Board Meeting approving the proposal: | Oct 08 2020 |
What is wrong Majesco?
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.
Is Majesco a good buy?
Majesco is still a bargain right now according to my price multiple model, which compares the company’s price-to-earnings ratio to the industry average. The stock’s ratio of 0.085x is currently well-below the industry average of 16.63x, meaning that it is trading at a cheaper price relative to its peers.
How is circuit limit decided for a stock?
The highest price a stock can reach on a particular day is the upper circuit limit. Likewise, the lowest price that a stock can hit is the lower circuit limit and when a stock hits this limit, there will be only sellers and no buyers.
Who decides upper circuit and lower circuit?
The circuit levels are determined by the stock exchanges so as to protect investors from an unwanted too much of a surprise moment. When a stock hits an upper circuit, there will be only buyers and no sellers. So, if someone wants to sell the stock, they can do so.
Is it advisable to buy Majesco?
Good news, investors! Majesco is still a bargain right now according to my price multiple model, which compares the company’s price-to-earnings ratio to the industry average. Majesco’s share price also seems relatively stable compared to the rest of the market, as indicated by its low beta.
Is Majesco a good company?
Majesco is a good organization to work. Work culture is very competitive There are very good people in the organization who helps in individual’s growth in professionally. Majesco team organizes the fun activities.
Who is taking over Majesco?
Aurum to take over Majesco India after Thoma Bravo buys US arm. 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 buy today?