India's Magellanic Cloud rises on higher Q1 profit

Magellanic Cloud

22/07/2025 05:39

** Shares of India's Magellanic Cloud MAGL.NS up 2.3% to 86 rupees

** Stock set to gain for the first session in four

** On Monday, IT services firm reported Q1 consolidated PAT rose ~5% to 277.7 million rupees ($3.22 million), revenues surged 24%

** Stock up 10% since its February listing this year

($1 = 86.2310 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

((Hritam.Mukherjee@thomsonreuters.com;))