Magellanic Cloud Limited has informed the Exchange regarding 'Business Updates'.
MCLOUD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.6 pts less than Nifty Microcap 250 and 2.7 pts less than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Magellanic Cloud's wholly owned subsidiary Provigil Surveillance Limited has received a purchase order from Indian Highways Management Company Limited (IHMCL), an initiative of NHAI. The order is valued at approximately Rs. 32 Crores, with potential to scale up to Rs. 75 Crores. The work involves implementing an Audit Camera System for Vehicle Count and Classification at toll plazas across eight states under Zone 1. The company has clarified this is not a related party transaction, with no promoter interest in the awarding entity.
Positive for the stock — this is a sizeable government-backed order win that should meaningfully contribute to revenue and order book, boosting investor sentiment. The potential expansion to Rs. 75 Crores provides additional upside visibility.