Majesco enters into a strategic partnership: Stock to show reaction

If the markets remain positive Majesco India will certainly be the stock of September 30 trade. Majesco, USA, (Majesco) the Insurance arm and a subsidiary of Majesco Limited, has come up with a strategic partnership with Dropin Inc. As part of this partnership, the companies have pre-integrated Dropin's solution with the Majesco Cloudlnsurer through the Majesco Digital Connect platform to offer the advanced, innovative claims capabilities which will enhance and streamline the claims experience for the insurers.

Dropin is an innovative provider of an on-demand live video platform for auto and home insurance, using smartphones and drones. In addition, they have access to a crowd sourced independent contractor network of 60,000 Droperators and 1100 drone pilots, smartphone users who capture on-demand live video streams and photos for insurance professionals.

On the other hand, the markets will be closely watched, as on September 30 the Sensex and Nifty both closed in red with Sensex losing over 400 points and Nifty over 150 points owing to the surgical strikes made by the Indian Army on Pakistan.