Magellanic Cloud Ltd.

Magellanic Cloud is currently trading at its upper limit of Rs. 611.95, up by 29.10 points or 4.99% from its previous closing of Rs. 582.85 on the BSE.

The scrip opened at Rs. 611.95 and has touched a high and low of Rs. 611.95 and Rs. 601.25 respectively. So far 153306 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 611.95 on 13-Mar-2023 and a 52 week low of Rs. 270.50 on 27-May-2022.

Last one week high and low of the scrip stood at Rs. 611.95 and Rs. 519.00 respectively. The current market cap of the company is Rs. 1788.10 crore.

The promoters holding in the company stood at 60.58%, while Non-Institutions held 39.42% stake in the company.

Magellanic Cloud’s (MCLOUD) wholly owned subsidiary -- Provigil Surveillance has secured an order to provide end-to-end implementation and management of E-surveillance of ATM sites in 8 geographical circles spread across India.

The contract is awarded post competitive bidding and will enable MCLOUD to provide E-Surveillance services to 3,032 ATM sites of a well-known Public Sector bank. MCLOUD through this contract will generate revenues to the tune of Rs 13 crore per year for the five-year contract period. Considering the scale of contract and scope of services, this order will likely yield healthy profit margins and add a new reputable client to its existing list of marquee clientele. This order-win is a testimony of MCLOUD’s dominant presence in the E-surveillance segment and showcases the trust placed by clients in MCLOUD’s team and provision of quality of services.

The company is global Leaders in Software Development, Digital Transformation, DevOps space.