Magellanic Cloud Bags USD 6.1 Mn Order, Shares Plunge Over 4%

Small cap IT software sector stock, Magellanic Cloud Ltd shares today witnessed steep decline on Bombay Stock Exchange despite bagging USD 6 million order from a major client. Current market price of Magellanic Cloud shares on BSE is Rs 70.25 per share with intraday fall of 4.15% at the time of writing the story. The IT Software sector company has a market capitalisation of Rs 4,105.38 crore. The stock offers a return on equity (ROE) of 8.14%.

In last 5-years, the stock surged 7426.88% and offered stunning returns of 29,066.67% in last 10-years. Meanwhile, Board of Directors of the company will hold meeting on February 14, 2025 to consider and approve unaudited financial results. Check more details below:

Magellanic Cloud Bags New Order

According to the exchange filing of the company dated Feb 11, 2025, “we are pleased to inform you that Motivity Labs Inc., a group company of Magellanic Cloud Limited, has secured a Purchase Order (PO) from a major client, amounting to approximately Rupees 529,754,500/- (USD 6.1 million) for the calendar year 2025. This PO is expected to further drive the growth of Motivity Labs Inc. and significantly contribute to the increase in revenue for our company during the upcoming year.”

Earlier last year on December 17, 2024, the company informed that was recognized as the training provider for the Skill India Mission under the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) 4.0. The company obtained accreditation from the National Skill Development Corporation (NSDC) and the Telecom Sector Skill Council (TSSC).

Magellanic Cloud To Consider Financial Results Soon

The company informed on Feb 10 about its upcoming meeting of Board of Directors scheduled to be held on February 14, 2025. As per the exchange filing, “we wish to inform you that the meeting of the Board of Directors of the Company will be held on Friday, February 14th, 2025 to consider and approve the Standalone and Consolidated Un-audited Financial Result of the Company for the quarter ended 31st December, 2024.”

Magellanic Cloud Shares Performance

The 52-week high price of Magellanic Cloud share on BSE stood at Rs 143.20 per share (as on 29/07/2024) and 52-week low price is Rs 63.15 per share (as on 13/01/2025), respectively. Magellanic Cloud share price is currently trading just 10.11% away from 52-week low price of Rs 63.15, if the current market price of Rs 70.25 is taken into consideration. Magellanic Cloud shares declined 0.99% in last 1-week, gained 7.36% in last 1-month, slipped 45.00% in last 1-year, and offered return of 213.62% in last 2-years. In last 3-years, Magellanic Cloud stock gave return of 374.90%.

Disclaimer: The story highlights order win and should not be considered as investment advice by the Moneydaily.in or the Author. Moneydaily.in and the author will not be held responsible for any losses caused as a result of decisions based on the above information. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.