Magellanic Cloud inches up as its arm receives LoA from Southern Railway, Madurai Division
Magellanic Cloud is currently trading at Rs. 54.79, up by 0.19 points or 0.35% from its previous closing of Rs. 54.60 on the BSE.
The scrip opened at Rs. 56.08 and has touched a high and low of Rs. 56.08 and Rs. 54.58 respectively. So far 11082 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. 42.60 on 17-Mar-2025.
Last one week high and low of the scrip stood at Rs. 60.00 and Rs. 54.30 respectively. The current market cap of the company is Rs. 3190.80 crore.
The promoters holding in the company stood at 58.30%, while Institutions and Non-Institutions held 0.43% and 41.27% respectively.
Magellanic Cloud’s wholly owned subsidiary -- Provigil Surveillance has received a Letter of Acceptance (LoA) from Southern Railway, Madurai Division (MDU Division), for the provision of CCTV cameras at Non-Interlocked Level Crossing (LC) Gates over MDU Division.
The total value of the contract is Rs 3.20 crore. This project is designed to enhance passenger security while delivering a cyber-secure, AI-enabled surveillance infrastructure across the railway network. The said contract is expected to be completed within a period of six months.
Magellanic Cloud is global Leaders in Software Development, Digital Transformation, DevOps space.
