Read on the application
Magellanic Cloud is one of those companies that has given excellent returns to investors in the last 2 years. The share price of the company has increased by 4049 percent in the last 2 years. On 24 November 2021, the price of one share of the company was Rs 11.09. It rose to Rs 460.15 on 24 November 2023. While during this period BSE Smallcap Index has seen an increase of only 39 percent.
In the month of March this year, the company gave 3 shares as bonus for every 1 share. At the same time, in the month of September, the eligible investors were paid a dividend of Rs 0.15 per share. Let us tell you that Magellanic Cloud also distributed bonus shares to its investors in 2018.
Tata’s IPO listing at Rs. Will be around 1000, today is a big day
Last financial year was great
Magellanic Cloud’s net profit during the last financial year was Rs. 73.99 crores. If seen on an annual basis, the net profit has increased by 151 percent.
The good news for Magellanic Cloud positional investors is that the company’s stock price has risen more than 400 percent this year. This stock has managed to give 124 percent returns in the last 6 months. Let us tell you that the company’s 52-week high is Rs 467 and 52-week low is Rs 81.09 per share in BSE.