India's Majesco hits record high on share buyback proposal

Aurum Proptech

06/10/2020 06:30

** Shares of insurance software provider  MAJC.NS  rise as
much as 5% to a record high of 860.45 rupees
    ** Mumbai-based co hits an upper circuit after it said
Monday evening that it would consider a proposal to buy back
shares at its board meeting on Oct. 8  urn:newsml:reuters.com:*:nFWN2GW045
    ** About 358,600 shares change hands, 2.6x30-day avg of
135,850 shares
    ** MAJC shares had gained 115.32% this year, as of last
close

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))