₹39 to ₹294: Multibagger IT stock rises 600% in 3 months. Do you own?

Magellanic Cloud share price history

In last one week, this multibagger stock has shot up 21.50 per cent hitting 5 per cent upper circuit on all 5 trade sessions. In last one month, it shot surged from ₹101 to ₹294.70, appreciating around 190 per cent whereas in year-to-date (YTD) time, it shot up from around ₹75 to ₹294.70 levels, rising around 290 per cent in year 2022. The stock has risen from ₹38.90 levels (close price on BSE on 12th November 2021) to ₹294.70 levels in last 3 months, logging around 600 per cent in this period.

Impact on investment

Taking cue from share price history of this multibagger stock, if an investor had invested in this stock, one week ago, its ₹1 lakh would have turned to more than ₹1.21 lakh today. If an investor had invested ₹1 lakh in this stock one month ago, its ₹1 lakh would have turned to ₹2.90 lakh today whereas it would have turned to ₹3.90 lakh in YTD time. If an investor had invested ₹1 lakh in this stock 3 months ago buying one stock at ₹38.90 apiece levels, its ₹1 lakh would have turned to ₹7 lakh today.

More about Magellanic Cloud shares

This multibagger stock is a small-cap IT stock with current market capitalization of ₹741 crore. Currently, it is trading at its life-time high whereas its 52-week low is ₹37.25 per share. P/E ratio of the IT stock is slightly above 22 while its dividend yield is 0.17 per cent. Its trade volume is 41,293 which is much higher than its 20 days average volume of 17,493. Book value per share of this multibagger stock is 21.24.

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