1:5 Split, Re 0.15 Dividend: IT Stock Trades Ex-Split, Ex-Dividend; Shares Gain 633% In 2-Yrs

Small cap IT software sector stock, Magellanic Cloud Ltd shares today traded ex-split in the ratio of 1:5 and ex-dividend for Re 0.15 per equity share of Re 10/- each. Earlier on May 30, Magellanic Cloud recommended 1:5 stock split and final dividend of Re 0.15 per equity share. Last trading price of Magellanic Cloud Ltd share on BSE is Rs 138.55 per share with gain of 6.29% as on July 26, 2024. Magellanic Cloud shares rose 12.66% in last 1-week only and rose 633% in last 2-years.

Its market capitalisation stood at Rs 8096.79 crore. FII/FPI have increased holdings from 0.19% to 0.28% in June 2024 quarter. Number of FII/FPI investors decreased from 12 to 11 in June 2024 quarter. Institutional Investors have increased holdings from 0.19% to 0.28% in June 2024 quarter. More details below:

Magellanic Cloud Ltd Dividend: According to the exchange filing of Magellanic Cloud dated May 30, 2024, "recommended a final Dividend of Rs. 0.15 /- (i.e., 1.5%) per equity share of Rs.10/- each on the fully paid-up equity share capital of the Company and which is subject to approval of Shareholders in the ensuing Annual General Meeting of the Company. The Dividend will be paid within 30 days from the date of Shareholders approval in the ensuing Annual General Meeting of the Company."

Magellanic Cloud Ltd Stock Split: The exchange filing added, "Subject to the approval of the members in the Annual General Meeting and appropriate authorities, the Board has considered, approved and recommended for Sub-division of Company's 1 (One) Equity Share of Face Value of Rs. 10/- each into 5 (Five) Equity Shares of Face Value of Rs. 2/- each held as on the Record date which shall be decided for this purpose."

Financials: The company for the quarter ended March 31, 2024 declared its consolidated total income at Rs 152.12 crore, up 15.30% as against the last quarter total income of Rs 131.93 crore. It announced its latest quarter net profit after tax at Rs 39.43 crore.

Magellanic Cloud Share Performance: The 52-week high price of Magellanic Cloud share on BSE is Rs 139.15 per share (as on 26/07/2024) and 52-week low price is Rs 62.17 per share (28/07/2023), respectively. Magellanic Cloud shares zoomed 51% year-to-date, soared 117% in last 1-year, and gained 4216% in last 3-years. In last 5-years, Magellanic Cloud stock offered return of 9198%.

Magellanic Cloud About: Magellanic Cloud works in the Digital space and is listed on the Bombay Stock Exchange with the ticker MCLOUD. Above all, it connects excellent technology and their implementation processes and does this globally. Magellanic Cloud is represented by multiple brands with office locations in Europe, USA and Asia, according to its official website.

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