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63 Moons Tech Gains 5%; BSE IT Index Up 1.1%
Wed, 9 Oct 10:38

63 Moons Tech Gains 5%; BSE IT Index Up 1.1%Image source: phive2015/www.istockphoto.com

63 Moons Tech share price has zoomed 5% and is presently trading at Rs 401.8.

Meanwhile, the BSE IT index is at 43,183.2 (up 1.1%).

Among the top gainers in the BSE IT index today are CYIENT (up 3.3%) and INTELLECT DESIGN (up 2.7%).

Eclerx Services (down 0.5%) is among the top losers today.

Over the last one year, 63 Moons Tech has moved up from Rs 251.0 to Rs 401.8, registering a gain of Rs 150.8 (up 60.1%).

On the other hand, the BSE IT index has moved up from 32,584.2 to 43,183.2, registering a gain of 32.5% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 181.3%), Firstsource Solutions (up 98.9%) and PERSISTENT SYSTEMS (up 90.9%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,940.9 (up 0.4%).

The top gainers among the BSE Sensex today are Bajaj Finance (up 2.4%) and Tata Motors (up 2.2%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,144.5 (up 0.5%). Shriram Transport and Trent are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.4 to 81,940.9, registering a gain of 16,428.5 points (up 25.1%).

63 Moons Tech Financial Update...

63 Moons Tech net profit fell 129.5% YoY to Rs -115 million for the quarter ended June 2024, compared to a profit of Rs 390 million a year ago. Net sales declined 66.3% to Rs 387 million during the period as against Rs 1,151 million in April-June 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 11.4.

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