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.
Good news, investors! 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. … Majesco’s share price also seems relatively stable compared to the rest of the market, as indicated by its low beta.
Is Majesco a good company?
Majesco is a good organization to work. Work culture is very competitive There are very good people in the organization who helps in individual’s growth in professionally. Majesco team organizes the fun activities.
Should we buy Majesco for dividend?
Majesco has also launched a Rs 631 crore buyback program to return value to its shareholders. This is good news for existing investors but new investors should be wary of buying Majesco shares. … After the dividend payout, the company will only have Rs 103 crore as cash and real estate of Rs 70 crore.
Aurum Proptech Ltd. has not split the face value of the share since Jan 1, 2000. Is Majesco Ltd.
Is Majesco going to close?
(i) Majesco is strategic partner insurers count on to deliver digital business transformation.
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Opening Date:||Nov 27 2020|
|Buyback Closing Date:||Dec 11 2020|
|Buyback Offer Amount:||₹ 631.26 Cr|
|Date of Board Meeting approving the proposal:||Oct 08 2020|
Why Majesco is giving huge dividend?
Majesco’s Dividend Trap
Company declared a massive dividend of INR 974/ share for FY20. This is mainly because in July, company sold its US arm for ~ INR 3,100 crore. Stock also showed a good rally in July from ~ INR 400 levels to current levels of ~INR 1000.
Why Majesco is giving high dividend?
Why such huge dividend payout? Dividends paid by Majesco in recent years hovered in the range of Re 1 to Rs 2 per share. However, the company decided to sell the business. The sale proceeds after accounting for expenses and capital gains tax, led to cash accumulation of Rs 1028 per share in its books.
What happens to Majesco?
Why Has Majesco Declared Such a High Dividend? The main reason for this is because the insurance technology firm had sold one of its business units- Majesco US- to Thoma Bravo, a private equity firm. The sale proceeds after accounting for expenses and capital gains tax had been Rs 3,853.3 crore!
How many employees does Majesco have?
Majesco has 2,682 total employees across all of its locations and generates $146.44 million in sales (USD).
What work does Majesco do?
Majesco works with insurers, reinsurers, brokers, MGAs as well as greenfields and start-ups in the insurance industry. We have over 200 customers across P&C, L&A and Group Benefits who are transforming their businesses by modernizing, optimizing or creating new business models with Majesco solutions.
Which company gives best dividend in India?
Highest Dividend Yield Shares
|S.No.||Name||Div Yld %|
|2.||I O C L||10.00|
What is dividend stripping with example?
Dividend stripping is not exactly illegal. However, it causes a loss to the exchequer. … In such cases, the capital loss arising to the shareholder to the extent of such dividend income shall be ignored i.e. the loss would not be available for set off against capital gain income. Example: Mr A bought 1000 shares of B Co.