Majesco hits new high, trades above proposed buyback price of Rs 845

In the past three months, the stock has zoomed 141 per cent as compared to a 10 per cent gain in the Sensex.

Shares of Majesco hit a fresh record high of Rs 889, up 5 per cent on the BSE in intra-day trade on Friday. The shares were trading above the proposed buyback price of Rs 845 per share. The stock surpassed its previous high of Rs 884.85, touched on Wednesday, October 7.

At 02:34 pm, the stock was trading 4 per cent higher at Rs 880, against a 0.75 per cent rise in the S&P BSE Sensex. A combined around 600,000 equity shares had changed hands on the counter on the NSE and BSE. In the past three months, the stock