Magellanic Cloud saw a sharp pullback in Monday’s morning trade, slipping more than10% even after delivering a strong 17% rally on Friday. The stock opened at ₹61.50 and quickly slipped into the red, touching an intraday low of ₹53.00 by around 11:26 AM.

The stock continues to trade well above its 52-week low of ₹42.49 but remains far off from its 52-week high of ₹105.42. Market activity stayed intense with volumes crossing 1.88 crore shares in the first hour of trade, signalling heightened participation from both traders and short-term investors.

Magellanic Cloud shares were down 10.02% at ₹54.96 apiece around 11.26 am. It has declined 27% this year, so far.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.