Is it good to buy Majesco shares now?
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.
What is the future of Majesco share?
As on 9th Aug 2021 MAJESCO Share Price closed @ 86.85 and we RECOMMEND Strong Sell for LONG-TERM with Stoploss of 450.90 & Sell for SHORT-TERM with Stoploss of 89.75 we also expect STOCK to react on Following IMPORTANT LEVELS.
Why is Majesco share price down?
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.
Why did Majesco give dividend?
The sale proceeds after accounting for expenses and capital gains tax, led to cash accumulation of Rs 1028 per share in its books. The company had already completed a buy-back of shares at Rs 845 per share. Majesco decided to pay a special dividend of Rs 974 per share on December 15, 2020.
What is the target of Yes Bank share?
with a target price of Rs 10. The current market price of YES Bank Ltd. is Rs 13.13.
Is Majesco going to delist?
Majesco Ltd is listed in NSE/BSE (India) and NASDAQ (US). … This price was at a 70% premium to the prevailing price at NASDAQ. After the deal, the US arm becomes a private company (delisted).
What will happen after Majesco dividend?
“Once the company pays the dividend, there will be nothing left in the company. It has cash of about Rs 103 crore and real estate of around Rs 70 crore—going by the annuity of Rs 5 crore it generates.