Stock market update: Majesco Ltd surges 4.99%

Majesco Ltd gained 4.99% today to trade at Rs 65.25. The S&P BSE IT Sector index is up 0.82% to quote at 26075.5. The index is down 3 % over last one month. Among the other constituents of the index, 3i Infotech Ltd increased 4.98% and Tanla Platforms Ltd added 2.9% on the day. The S&P BSE IT Sector index went up 59.27 % over last one year compared to the 24.61% surge in benchmark SENSEX.

Majesco Ltd has added 175.32% over last one month compared to 3% fall in S&P BSE IT Sector index and 4.38% rise in the SENSEX. On the BSE, 18563 shares were traded in the counter so far compared with average daily volumes of 1.43 lakh shares in the past one month. The stock hit a record high of Rs 1019 on 15 Dec 2020. The stock hit a 52-week low of Rs 12.2 on 23 Dec 2020.

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