Majesco was up 1.14% to Rs 451.70 at 11:29 IST on BSE, with the stock extending recent rally.
Meanwhile, the S&P BSE Sensex was up 62.98 points or 0.2% at 31,765.23. The S&P BSE Small-Cap index rose 132.13 points or 0.82% at 16,162.28.
On the BSE, 46,000 shares were traded on the counter so far as against the average daily volumes of 35,637 shares in the past one quarter. The stock had hit a high of Rs 465 and a low of Rs 445 so far during the day. The stock had hit a 52-week high of Rs 496 on 2 September 2016 and a 52-week low of Rs 300 on 10 July 2017.
The stock had outperformed the market over the past one month till 4 September 2017, advancing 27.78% compared with the Sensex's 1.93% fall. The stock had also outperformed the market over the past one quarter, gaining 36.43% as against the Sensex's 1.37% rise. The scrip had, however, underperformed the market over the past one year, sliding 8.25% as against the Sensex's 11.11% rise.
The small-cap company has equity capital of Rs 11.77 crore. Face value per share is Rs 5.
Shares of Majesco have rallied 26.66% in ten trading sessions to its ruling market price, from its closing of Rs 356.60 on 21 August 2017.
On a consolidated basis, Majesco reported net loss of Rs 5.02 crore in Q1 June 2017 compared with net loss of Rs 0.71 crore in Q4 March 2017. Net sales fell 4.14% to Rs 182.97 crore in Q1 June 2017 over Q4 March 2017.
Majesco enables insurance business transformation for insurance customers worldwide by providing solutions which include software, consulting and services.
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