Magellanic Cloud shares continued their sharp upward move, jumping over 7% today and hitting a fresh 52-week high of ₹105.42. As of 9:44 AM, the shares were trading 3.69% higher at Rs 100.91.
This rally comes on the heels of a strong 26% surge over the past two trading sessions, driven by heavy volumes and strong investor interest. The stock opened at ₹98.99 and touched a low of ₹98.40 during the day before bouncing back sharply.
Over the past year, the stock has gained an impressive 37.09%, showing consistent momentum and improving sentiment around the company. Today’s surge also marks a significant breakout above its previous highs, hinting at sustained strength in the near term. Market participants seem to be taking a bullish view, possibly anticipating future growth or positive business developments.
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