Magellanic Cloud surges as its arm secures purchase orders worth $1.21 million
Magellanic Cloud is currently trading at Rs. 29.42, up by 0.59 points or 2.05% from its previous closing of Rs. 28.83 on the BSE.
The scrip opened at Rs. 29.06 and has touched a high and low of Rs. 29.55 and Rs. 28.12 respectively. So far 402947 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 94.42 on 06-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. 29.55 and Rs. 26.37 respectively. The current market cap of the company is Rs. 1713.01 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 subsidiary -- Motivity Labs Inc. has secured multiple purchase orders worth around $1.21 million from Google LLC. These orders are expected to further drive the growth of Motivity Labs Inc. and significantly contribute to the increase in revenue for the company during the upcoming year.
These engagements further strengthen Motivity Labs Inc.'s strategic relationship with Google LLC and are expected to enhance the company's revenue visibility over the contract period. The awards also reaffirm Motivity Labs' capabilities as a trusted technology partner in delivering advanced data engineering, analytics, and program management solutions for global enterprises.
