Majesco Ltd
MAJESCO

344.45

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Day's Vol.(shares)

345.60

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Accumulate
Reco. Price
Rs 346.00
We recommend ACCUMULATE on the stock on account of strong revenue visibility. This will be led by strong order book and deal wins. Further, the rising adoption of third party software by US property and casualty (P&C) insurers augurs well for the company. The stock is trading at expensive PE of 34x FY17E as compared to industry PE of 18x in FY17E. (Target Price-Rs.371)
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50 DMA (.)
380.37
100 DMA (.)
398.16
200 DMA (.)
458.85
Weekly Range (.)
336.30
357.40
Monthly Range (.)
331.05
388.00
52 Weeks Range (.)
331.00
649.30
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