Best answer: Is it good to buy Majesco shares?

Is it good to buy Majesco shares now?

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. … The stock’s ratio of 0.085x is currently well-below the industry average of 16.63x, meaning that it is trading at a cheaper price relative to its peers.

Should I buy Majesco for dividend?

Should I buy Majesco stock for dividend? … Also , it is advisable for retail investors who are already invested to book profits and exit the stock as the Long Term Capital Gains (LTCG)/Short Term Capital Gains (STCG) tax would be lower as compared to the tax levied on dividends.

Why is Majesco share price falling?

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.

Is it worth buying a single share?

While purchasing a single share isn’t advisable, if an investor would like to purchase one share, they should try to place a limit order for a greater chance of capital gains that offset the brokerage fees. … Buying a small number of shares may limit what stocks you can invest in, leaving you open to more risk.

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Which is the best share to buy?

Summary Table of Best Long Term Stocks to Buy now in India

HCL Technologies HCLTECH ₹ 983.60
Bajaj Auto BAJAJAUTO ₹ 4,124.65
KEI Industries KEI ₹ 696.15
Polycab India POLYCAB ₹ 1,947.60

Which stock should I buy today?


  • Tinplate Company of India (₹221.5): Buy. …
  • Gujarat Ambuja Exports (₹177.3) …
  • Thyrocare Technologies (₹1,385.6): Buy. …
  • Aditya Birla Fashion and Retail (₹212.1): Buy. …
  • Gujarat Gas (₹678.4): Buy. …
  • Datamatics Global Services (₹156.6): Buy. …
  • The New India Assurance Company (₹174.2): Buy. …
  • Sasken Technologies (₹1,025.8): Buy.

What will happen after Majesco dividend?

“Once the company pays the dividend, there will be nothing left in the company. It has cash of about Rs 103 crore and real estate of around Rs 70 crore—going by the annuity of Rs 5 crore it generates.

Is Majesco dividend taxable?

NEW DELHI: The record Rs 974 dividend announced by insurance technology firm Majesco Ltd is a signal for investors to sell, rather than buy. … They pay only 10-15% tax on capital gains while the dividend they get will be taxed at 30-40%. There will also be 10% TDS on the dividend, so there is no escaping the tax.

Will Majesco delist?

MUMBAI: Majesco Ltd on Tuesday said its board has approved an interim dividend of ₹974 a share for fiscal 2020-21. The payout for this translates to a total of ₹2,788.40 crore on a base of ₹28.577 million shares. The record date is 25 December.

Who owns Majesco?


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How much do I need to invest to make $1000 a month?

For every $1,000 per month in desired retirement income, you need to have $240,000 saved. With this strategy, you can typically withdraw 5% of your nest egg each year. Investments can help your savings last through a lengthy retirement.

What is the cheapest stock to buy right now?

15 Best Very Cheap Stocks to Buy Right Now

  • SNDL.
  • IDEX.
  • LYG.
  • LODE.
  • AMZN.
  • AAPL.
  • GSAT.


Why are single stocks bad?

Similarly, the stocks of small-cap and value companies are riskier than their large-cap and growth counterparts. … Since this type of risk can easily be diversified away, the ownership of individual stocks is one that the market does not compensate investors for taking. Thus, it is bad (uncompensated) risk.

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