Magellanic Cloud zooms as its arm secures LoA worth Rs 7.88 crore
Magellanic Cloud is currently trading at Rs. 20.60, up by 0.94 points or 4.78% from its previous closing of Rs. 19.66 on the BSE.
The scrip opened at Rs. 20.20 and has touched a high and low of Rs. 20.64 and Rs. 20.17 respectively. So far 36102 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. 19.43 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 21.90 and Rs. 19.43 respectively. The current market cap of the company is Rs. 1213.48 crore.
The promoters holding in the company stood at 54.04%, while Institutions and Non-Institutions held 0.26% and 45.70% respectively.
Magellanic Cloud’s wholly owned subsidiary -- Provigil Surveillance has received a Letter of Acceptance (LoA) from South Central Railway, Vijayawada Division (Indian Railways). The LoA relates to execution of S&T arrangements for provision of CCTV cameras at Goods Sheds across multiple railway stations under Vijayawada Division.
The total contract value is approximately Rs 7.88 crore and the project is required to be executed within a period of 365 days, in accordance with Indian Railways General Conditions of Contract and tender conditions. The order has been awarded in the normal course of business.
