Magellanic Cloud, with its main office in Hyderabad, was established in 1981. The company operates mostly in the digital sector, with a focus on offering complete solutions for cloud computing, IT services, digital transformation, and cutting-edge drone technology.
The stock price was trading at Rs 1 in January 2015, showing a rise of over 56,000 percent over the current price. For instance, nine years later, someone’s investment of Rs. 1 lakh in the company’s stock would have grown to approximately Rs. 6.50 crores.
According to the company’s financial documents, revenue dropped from Rs. 154 crores in the September quarter to Rs. 131 crores in the December quarter, a decrease of around 15%. In contrast, during the same period, the net profit rose by 5%, from Rs. 22 crores to Rs. 23 crores.
When comparing these indicators year over year, it was found that revenue dropped from Rs. 133 crores in Q3FY23 to Rs. 131 crores in Q3FY24, a 1.5% reduction. However, in the same time frame, net earnings increased by 35, from Rs. 17 crores to Rs. 23 crores.
Company has expertise in fields including drone solutions, e-security and surveillance, enterprise security, product development, quality assurance, DevOps, data analytics, and multi-cloud management are all part of their portfolio.
ICICI is holding some value stocks.
Stocks on which ICICI is betting include:
- NCC Ltd
- Laxmi Organics
- Orient Electric
Stock prices are subject to market conditions. One should consult a financial advisor before making any investment.
