Multibagger penny stock under Rs 100 jumps 16.14% after receiving an order worth Rs 85,00,00,000 from Rail Vikas Nigam Ltd (RVNL)
DSIJ Intelligence-1 / 19 Aug 2025/ Categories: Multibaggers, Penny Stocks, Trending
The stock gave multibagger returns of 3,200 per cent in 5 years and a whopping 8,900 per cent in 10 years.
On Tuesday, shares of Magellanic Cloud Ltd plunged 4.22 per cent to Rs 84.40 per share from its previous closing of Rs 88.12 per share. The stock’s 52-week high is Rs 143.20 per share and its 52-week low is Rs 42.60 per share. The shares of the company saw a spurt in volume by more than 3.35 times on the BSE.
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Magellanic Cloud Limited informed that Provigil Surveillance Limited, the wholly owned subsidiary of Magellanic Cloud Limited has received a Letter of Acceptance (LoA) from Rail Vikas Nigam Limited (RVNL) for the provision of Video Surveillance Systems (VSS) across 441 D & E category stations, along with augmentation at 43 major stations (Categories A1, A, and B) of Southern Railway Valued at approximately Rs 85 crore, this project is designed to enhance passenger security while delivering a cyber-secure, AI-enabled surveillance infrastructure across the railway network.
Earlier, the company’s subsidiary secured over Rs 32.45 crore in new orders for AI-based video surveillance. Key wins include a Rs 32 crore contract from NHAI for audit camera systems at toll plazas for vehicle counting and classification, and a Rs 2.27 crore order from South Central Railway to upgrade surveillance at Secunderabad Railway Station with advanced AI and facial recognition. These projects highlight Provigil's growing leadership in smart surveillance solutions.
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About the Company
Magellanic Cloud Limited, originally founded in 1981 as South India Projects Limited, is a global IT services company with a presence in Europe, the USA, and Asia. Specialising in software development, consulting, and human resource solutions, the company offers a range of services including human capital management, digital transformation consulting, DevOps implementation, quality assurance, and drone solutions. Their focus lies in modernising the digital experience for both employees and customers, while also providing recruitment and placement services.
On Tuesday, shares of Magellanic Cloud Limited jumped 16.2 per cent to an intraday high of Rs 89.47 per share from its previous closing of Rs 77.03 per share with a spurt in volume by more than 2 times on the BSE.
The company has a market cap of over Rs 5,000 crore and has delivered good profit growth of 77 per cent CAGR over the last 5 years. The shares of the company have an ROE of 22 per cent and an ROCE of 23 per cent. The stock gave multibagger returns of 3,200 per cent in 5 years and a whopping 8,900 per cent in 10 years.
Disclaimer: The article is for informational purposes only and not investment advice.