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63 Moons Tech Gains 4%; BSE IT Index Up 1.5%
Fri, 9 Aug 13:27

63 Moons Tech Gains 4%; BSE IT Index Up 1.5%Image source: ipopba/www.istockphoto.com

63 Moons Tech share price has zoomed 4% and is presently trading at Rs 366.0.

Meanwhile, the BSE IT index is at 39,809.0 (up 1.5%).

Among the top gainers in the BSE IT index today are Oracle Financial Services (up 4.2%) and Mphasis (up 2.8%).

TANLA SOLUTIONS (down 2.2%) and ROUTE MOBILE (down 2.0%) are among the top losers today.

Over the last one year, 63 Moons Tech has moved up from Rs 231.1 to Rs 366.0, registering a gain of Rs 134.9 (up 58.4%).

On the other hand, the BSE IT index has moved up from 31,109.7 to 39,809.0, registering a gain of 28.0% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 164.6%), INFIBEAM AVENUES (up 129.4%) and Firstsource Solutions (up 93.7%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 79,704.0 (up 1.0%).

The top gainers among the BSE Sensex today are JSW Steel (up 2.8%) and Tata Motors (up 2.8%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,361.3 (up 1.0%). Eicher Motor and Grasim Industries are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,953.5 to 79,704.0, registering a gain of 13,750.6 points (up 20.8%).

63 Moons Tech Financial Update...

63 Moons Tech net profit grew 118.7% YoY to Rs 33 million for the quarter ended March 2024, compared to a loss of Rs 176 million a year ago. Net sales declined 66.4% to Rs 375 million during the period as against Rs 1,116 million in January-March 2023.

For the year ended March 2023, 63 Moons Tech reported 70.7% increase in net profit to Rs -218 million compared to net loss of Rs 744 million during FY22. Revenue of the company grew 81.0% to Rs 2,901 million during FY23.

The current Price to earnings ratio of 63 Moons Tech, based on rolling 12 month earnings, stands at 7.9.

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