Magellanic Cloud zooms as its arm secures LOI from Manappuram Finance

Magellanic Cloud Ltd. | IT - Software | IT & ITES | BSE: 538891 | NSE: MCLOUD

30 Jun 2026 Evaluate

Magellanic Cloud is currently trading at Rs. 30.26, up by 1.85 points or 6.51% from its previous closing of Rs. 28.41 on the BSE.

The scrip opened at Rs. 28.55 and has touched a high and low of Rs. 31.40 and Rs. 27.97 respectively. So far 747063 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 105.26 on 17-Jul-2025 and a 52 week low of Rs. 19.43 on 30-Mar-2026.

Last one week high and low of the scrip stood at Rs. 31.40 and Rs. 26.93 respectively. The current market cap of the company is Rs. 1782.52 crore.

The promoters holding in the company stood at 54.04%, while Institutions and Non-Institutions held 0.25% and 45.71% respectively.

Magellanic Cloud’s wholly owned subsidiary -- IVIS International has secured Letter of Intent (LOI) from Manappuram Finance for the proposed engagement relating to outsourced Command & Control Centre (CCC) e-surveillance services. Under the proposed engagement, IVIS International is expected to deploy the supply, installation, commissioning, centralized monitoring, and maintenance of security infrastructure across Manappuram Finance’s branch network. Employing its AI-powered Command & Control Centre platform, the proposed solution is designed to deliver intelligent surveillance, real-time event monitoring, automated alert handling and escalation, centralized branch visibility, vault operations monitoring, and end-to-end maintenance of the security infrastructure.

The deployment is proposed to be executed in a phased manner and may extend to around 1,000+ branches, subject to the issuance of Purchase Orders and the execution of definitive agreements between the parties. Serving one of the country's largest gold loan institutions, with an extensive branch network handling high-value secured assets, highlights the growing industry confidence in IVIS' AI-enabled surveillance and centralized security management capabilities. The engagement also strengthens the company's presence in the BFSI segment, where intelligent command centres, proactive threat detection, and real-time operational visibility are becoming critical components of enterprise security.

Magellanic Cloud is global Leaders in Software Development, Digital Transformation, DevOps space.

Magellanic Cloud Share Price

30.46 2.05 (7.22%)

30-Jun-2026 16:59 View Price Chart

Peers

Company Name	CMP
TCS	2034.05
Infosys	1000.60
HCL Technologies	1072.00
Wipro	170.40
Tech Mahindra	1405.20
View more..

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