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538891 Magellanic Cloud News Story

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India's Magellanic Cloud rises as unit wins contract

** Shares of Magellanic Cloud MAGL.NS rise 2.2% to 23.4 rupees

** The IT service firm's unit gets a letter of acceptance for a contract worth 61.7 million rupees ($673,132.52) for its video surveillance system

** Stock set to snap three sessions of losses, if gains hold

** YTD, MAGL down ~10%

($1 = 91.6610 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)

 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))

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