Shares of the company have gained about 30 per cent in the last six months.

Shares of the company gained over 90 per cent in the last six months.

By diversifying its offerings and adding profitable companies to its portfolio, MCloud is positioning itself for long-term success, affirms Sanjay Chauhan, Chief Financial Officer, Magellanic Cloud.

On Friday, the Sensex fell by 671 points to close at 59,135, while the Nifty 50 dropped by 117 points to close at 17,412.90

Through this contract, the company is expected to generate revenues to the tune of Rs 13 crore for five year contract period