Magellanic Cloud Ltd Gave 6330% return in 5 years

 

Multibagger Stock: Magellanic Cloud Ltd, a Hyderabad-based smallcap stock operating in the digital space, has proven to be a lucrative investment, yielding an impressive return of 6330 percent to its investors over the past 5 years.

Established in 1981, the company specializes in digital transformation solutions, IT services, cloud computing, and advanced drone technology.

Five years ago, Magellanic Cloud Ltd’s share price stood at Rs 9.63 on the Bombay Stock Exchange (BSE). As of February 23, the share closed at Rs 619.25 on the same exchange.

This remarkable 6330.4 percent increase in the stock price during this period translates into substantial gains for investors.

For instance, if an individual had invested Rs 50,000 in Magellanic Cloud Ltd shares at Rs 9.63 five years ago and retained the shares until now, the investment would have grown to Rs 32.15 lakh.

Similarly, a Rs 1 lakh investment would have surged to an impressive Rs 64.30 lakh.

Magellanic Cloud witnessed a staggering 411 percent surge in its share price over the past year alone.

The company’s market capitalization on the BSE now exceeds Rs 7200 crore, with an upper price band of Rs 650.20 and a lower price band of Rs 588.30, within a 5 percent circuit limit.

As of December 2023, the promoters held a 58.64 percent stake in the company, while the public held 41.36 percent.

Delving into Magellanic Cloud’s financials, the standalone total income for the quarter ending December 2023 in the financial year 2023-24 increased to Rs 19.33 crore, up from around Rs 15 crore the previous year.

The net profit on a standalone basis also saw growth, reaching Rs 5.19 crore compared to Rs 4.76 crore a year ago.

In a recent update, Magellanic Cloud informed the stock exchanges that its subsidiary, Scandron Private Limited, achieved a milestone by becoming the first company in India to receive DGCA type certification for the logistics drone CargoMax 500HE.

This development underscores the company’s commitment to innovation and cutting-edge technology in the rapidly evolving digital landscape.

In summary, Magellanic Cloud’s remarkable stock performance, robust financials, and technological advancements position it as a noteworthy multibagger stock, attracting investors seeking substantial returns in the dynamic digital sector.

Source:

https://zeep.ly/CEhcf

https://www.sharemarket.org.in/multibagger-stock-magellanic-cloud-ltd/