IndiaNiveshSecuritiesLimited_MajescoLtd(MJCO)Q2FY16ResultUpdateNov_06_2015.pdf (300.1 KB)
Hello – Attaching Majeso report from India Nivesh. Target price 549. But India Nivesh forgot to subtract the share of Mastek Ltd. and of USA listed entity Majesco to arrive at the valuation of the India holding company Majesco valuation.
India’s Majesco share is roughly 2/3rd so the target prices should be 549 *2/3 = ~ 366 rupees and not 549 rupees.
My two cents.
Awaiting comments
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