Last updated on December 11th, 2024 at 03:11 pm
Magellanic Cloud, currently trading at ₹87, is gaining attention due to its focus on IT services and business solutions. Its strategic acquisitions and consistent growth in the tech space make it a promising candidate for long-term investment. Below is a detailed share price forecast for Magellanic Cloud from 2024 to 2040.
About Magellanic Cloud
Magellanic Cloud is a technology-driven company offering a range of IT services, including software development, cloud solutions, and IT consulting. It serves clients across various industries and focuses on innovation to drive growth.
Company Details
- Founded: 1981
- Headquarters: Hyderabad, India
- Sector: Information Technology
- Key Services: Cloud computing, IT staffing, software development
- Market Presence: Global
Promoter Details
| Promoter Name | Holding (%) |
|---|---|
| Promoters and Promoter Group | 74.94 |
| Public and Others | 25.06 |
Magellanic Cloud Share Price Target 2024
Growth Factors:
- Expanding demand for IT services globally.
- Increasing investments in cloud technologies and automation.
- Minimum Target: ₹95
- Maximum Target: ₹110
Magellanic Cloud Share Price Target 2025
Key Drivers:
- Strategic partnerships and acquisitions to enhance service offerings.
- Growth in IT staffing solutions.
- Minimum Target: ₹120
- Maximum Target: ₹140
Magellanic Cloud Share Price Target 2026 to 2030
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2026 | 150 | 170 |
| 2027 | 180 | 200 |
| 2028 | 210 | 240 |
| 2029 | 250 | 280 |
| 2030 | 300 | 340 |
Magellanic Cloud Share Price Target 2035
Long-Term Catalysts:
- Expansion into new tech markets and geographies.
- Growth in recurring revenue from SaaS products.
- Minimum Target: ₹450
- Maximum Target: ₹520
Magellanic Cloud Share Price Target 2040
By 2040, Magellanic Cloud is expected to capitalize on the growing IT and cloud services market, ensuring steady growth.
- Minimum Target: ₹700
- Maximum Target: ₹800
Magellanic Cloud Balance Sheet
Final Thoughts
Magellanic Cloud is a strong contender in the IT space with growth potential driven by innovation and strategic investments. Investors seeking long-term opportunities in the tech sector may find this stock appealing.
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