Magellanic Cloud Ltd shares receive major boost as subsidiary secures purchase orders from NCR Corporation India
Why did Magellanic Cloud Ltd shares jump today?
Magellanic Cloud Ltd shares were up by 0.87% on Wednesday at 11:08 AM, trading at a current price of ₹29.13. This positive movement in the stock price was driven by a key announcement from the company.
The news that sparked investor interest was the receipt of significant purchase orders by Magellanic Cloud's wholly owned subsidiary, IVIS International Private Limited. These orders came from NCR Corporation India Private Limited, a major technology provider. Specifically, IVIS will be supplying an e-surveillance solution to secure Punjab National Bank (PNB) ATM sites across the network.
This deal is a positive development for Magellanic Cloud as it represents a new business win and revenue stream for its subsidiary. The contract with a well-known partner like NCR to serve a large public sector bank like PNB highlights the growing demand for security solutions in the banking sector and strengthens the company's position in this market segment.
What does Magellanic Cloud Ltd do?
Magellanic Cloud Limited operates in the security and surveillance technology sector through its wholly owned subsidiary, IVIS International Private Limited. This subsidiary provides e-surveillance solutions, specifically for banking and financial infrastructure. The company's website is listed as www.magellanic-cloud.com.
IVIS International Private Limited has secured a contract from NCR Corporation India Private Limited to supply its e-solution at Punjab National Bank (PNB) ATM sites. This indicates the company's role in deploying security systems for critical points of service within the banking network.
Magellanic Cloud Ltd Financials
In CroresMagellanic Cloud Ltd's financials indicate a positive growth trajectory between December 2025 and March 2026. The company's revenue increased significantly from ₹163.93 Crores to ₹205.55 Crores over this period, demonstrating a strong upward trend. Concurrently, the profit remained relatively stable, seeing a marginal rise from ₹29.16 Crores to ₹29.49 Crores. Overall, the data shows the company successfully grew its top-line revenue while maintaining steady profitability.
Magellanic Cloud Ltd Shareholding Pattern
Promoter holding stands at 54.04% of the total share capital. Foreign Institutional Investors (FIIs) hold 0.21% stake in the company, while Domestic Institutional Investors (DIIs) hold 0.02%. Public shareholders hold the remaining 45.72% stake in Magellanic Cloud Ltd.
Magellanic Cloud Ltd FAQs
Q: Why did Magellanic shares jump 0.87% today?
Receipt of Purchase Orders from NCR Corporation India Private by IVIS International Private Limited, wholly owned subsidiary of the Company. This corporate action caught investor attention, leading to increased trading activity in the stock.
Q: What is the shareholding pattern of Magellanic Cloud Ltd?
As per the latest data, promoters hold 54.04% stake in Magellanic Cloud Ltd, while FII holding stands at 0.21%. Domestic institutional investors hold 0.02%, and public shareholders account for 45.72% of the equity.
Q: What is the current stock price of Magellanic Cloud Ltd?
Magellanic Cloud Ltd shares are currently trading at ₹29.13, recording a gain of 0.87% from the previous close.
Q: What is the market capitalization of Magellanic Cloud Ltd?
The company currently has a market capitalization of ₹1715.95 crore, reflecting its valuation in the Indian equity market.