Magellanic Cloud surges as its arm emerges as L1 bidder for Bank of Maharashtra's tender
Magellanic Cloud is currently trading at Rs. 24.18, up by 0.30 points or 1.26% from its previous closing of Rs. 23.88 on the BSE.
The scrip opened at Rs. 24.10 and has touched a high and low of Rs. 24.84 and Rs. 23.69 respectively. So far 96584 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 68.64 on 20-Nov-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. 25.99 and Rs. 22.76 respectively. The current market cap of the company is Rs. 1405.51 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 -- Provigil Surveillance has emerged as the L1 (lowest) bidder in the tender issued by Bank of Maharashtra for the provision of e-surveillance solutions across 1550 plus sites, with a project value of approximately Rs 115 crore.
The scope of work under the tender includes the supply, installation, and commissioning of e-surveillance systems with advanced AI features, along with the operation of a 24/7 Central Monitoring Station. The award of the contract remains subject to the issuance of a formal order by Bank of Maharashtra.
