Majesco rose 1.28% to Rs 551.70 at 10:00 IST on BSE after the company announced a partnership with eGain, a global provider of cloud customer engagement solutions.
The announcement was made after market hours yesterday, 21 June 2016.Meanwhile, the S&P BSE Sensex was up 61.23 points or 0.23% at 26,874.01.
On BSE, so far 6,101 shares were traded in the counter as against average daily volume of 31,395 shares in the past one quarter. The stock hit a high of Rs 558.85 and a low of Rs 547.25 so far during the day. The stock had hit a record high of Rs 789 on 12 January 2016. The stock had hit a record low of Rs 288.60 on 10 September 2015. The stock had underperformed the market over the past one month till 21 June 2016, falling 2.64% compared with the Sensex's 5.97% rise. The scrip had also underperformed the market in past one quarter, declining 5.75% as against Sensex's 6.04% rise.
The mid-cap company has equity capital of Rs 11.57 crore. Face value per share is Rs 5.
As part of the alliance, Majesco will embed eGain's knowledge-guided digital engagement capabilities into its insurance industry solution. The companies will also team together on joint business opportunities in engaging and serving clients.
eGain's cloud-based customer engagement hub (CEH) consists of modular applications built on an open omnichannel platform. eGain's digital capability is embedded in Majesco's DigitalConnect solution and is a part of the Majesco Cloudlnsurer platform that unifies processes, technology, knowledge, interactions, and analytics and applies them across channels to enable greenfields, startups and existing insurers.
Majesco enables insurance business transformation for insurance customers by providing solutions which include software, consulting and services.
Powered by Capital Market - Live News
