Magellanic Cloud inches up as its arm secures orders worth Rs 18.4 crore
Magellanic Cloud is currently trading at Rs. 29.02, up by 0.14 points or 0.48% from its previous closing of Rs. 28.88 on the BSE.
The scrip opened at Rs. 29.35 and has touched a high and low of Rs. 29.35 and Rs. 28.67 respectively. So far 38559 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 90.47 on 21-Aug-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. 30.11 and Rs. 28.56 respectively. The current market cap of the company is Rs. 1694.16 crore.
The promoters holding in the company stood at 54.04%, while Institutions and Non-Institutions held 0.23% and 45.72% respectively.
Magellanic Cloud’s wholly owned subsidiary -- IVIS International (IVIS) has secured multiple purchase orders, comprising both capex and opex components, from NCR Corporation India, amounting to around Rs 18.4 crore for a period of 5 years, for providing e-surveillance solutions across Punjab National Bank (PNB) ATM sites.
This marks a significant win for IVIS and reinforces its growing footprint in the Banking & Financial Services E-Surveillance space, particularly in large-scale, mission-critical ATM surveillance deployments.
