India's Magellanic Cloud surges on project wins

Magellanic Cloud

19/08/2025 10:31

** Shares of Magellanic Cloud MAGL.NS jump nearly 14% to 87.7 rupees, their highest intraday pct-gain in over a month

** IT firm's unit wins order for project worth 850 million rupees ($9.77 million) from PSU Rail Vikas Nigam for video surveillance systems at railway stations

** Unit also secures order worth 22.7 million rupees  ($261,024.55) from South Central Railway for video surveillance upgrade at Secunderabad station

** More than 17.9 mln shares traded, nearly twice the 30-day avg

** Stock up 12.6% since Feb 7 debut

($1 = 86.9650 Indian rupees)

 (Reporting by Aleef Jahan in Bengaluru)

 ((aleefjahan.cs@thomsonreuters.com))