Magellanic Cloud staged a sharp recovery in Friday’s session, surging more than 17% after the stock had hit a 20% lower circuit on Thursday.
The stock opened at ₹52.49 against the previous close of ₹53.52 and quickly attracted strong buying interest, pushing it to an intraday high of ₹63.00. Even with the swings, it stayed comfortably above the day’s low of ₹50.50. By 11:34 AM IST, trading volumes soared to 3,82,59,033 shares, far outpacing the stock’s 20-day average volume of just 9.3 lakh.
Magellanic Cloud has been under pressure for four consecutive months, facing persistent selling that pushed the stock toward its 52-week low of ₹42.49. The counter has also been in the red for most of the year, declining around 23% so far in 2025 after falling nearly 20% in 2024 as well. Despite the big move today, the long-term chart still shows a stock struggling to stabilise after extended weakness.
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