IT Sector Small Cap Stock With Over 1600% Return In 3 Yrs Fixes Record Date For 4:1 Bonus Share

Magellanic Cloud Ltd., a small cap stock, in its Board meeting, which was held on 9 March 2023 fixed the "Record Date" for 4:1 bonus share. The stock is engaged in the IT sector and provides its IT services in software development, consulting and human resource business solutions i.e. listing employment vacancies and referring or placing applicants for employment. The company has a market capitalisation of Rs 1,559.07 crore.

Fixed Record Date for Issue of Bonus Shares

According to the regulatory filing to BSE by the Board of Directors of Magellanic Cloud Ltd, "In terms of Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, as amended, please find below the information relating to the intimation of fixation of Record date for Issue of Bonus Equity Shares by the Company:"

Purpose	Record Date
Record Date for issue of Bonus Shares in a ratio of 4:1 i.e. Four Equity Shares of Rs. 10/- each fully paid up for every One Equity Share of Rs. 10/- each fully paid up held as on the record date decided for this purpose.	Wednesday, 22nd March, 2023

Magellanic Cloud's Stock performance & Outlook

The stock of Magellanic Cloud on BSE last traded at Rs 555.10 apiece, jumped 3.85% as compared to its previous close. The stock is currently trading 0.48% down from its 52 week high, which is Rs 557.80 apiece. The stock's 52 week low is Rs 270.50 apiece.

The stock in the past 5 years performed well and delivered multibagger returns. It delivered 6.69% positive return in 1 week. The stock has delivered 24.18% positive return in 1 month, and 29.11% in 3 months, respectively. The stock in the past 1 year has given 20.06% positive return. In the past 3 years, it has delivered a multibagger return of 1684.89%. Whereas, in the past 5 years, it has delivered 1021.87% multibagger return.

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