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63 Moons Tech Plunges 5%; BSE IT Index Up 0.0%
Tue, 13 Aug 13:2

63 Moons Tech Plunges 5%; BSE IT Index Up 0.0%Image source: phive2015/www.istockphoto.com

63 Moons Tech share price has plunged 5% and is presently trading at Rs 330.7.

Meanwhile, the BSE IT index is at 40,009.5 .

Among the top losers in the BSE IT index today are Mastek (down 2.9%) and HAPPIEST MINDS TECHNOLOGIES (down 2.6%).

INTELLECT DESIGN (up 1.1%) and PERSISTENT SYSTEMS (up 1.0%) are among the top gainers today.

Over the last one year, 63 Moons Tech has moved up from Rs 279.6 to Rs 330.7, registering a gain of Rs 51.1 (up 18.3%).

On the other hand, the BSE IT index has moved up from 31,210.0 to 40,009.5, registering a gain of 28.2% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 172.3%), INFIBEAM AVENUES (up 121.5%) and PERSISTENT SYSTEMS (up 94.7%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,314.2 (down 0.4%).

The top losers among the BSE Sensex today are HDFC Bank (down 2.7%) and Tata Motors (down 1.7%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.

In the meantime, NSE Nifty is at 24,234.3 (down 0.5%). HDFC Bank and HDFC LIFE INSURANCE are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,995.8 to 79,314.2, registering a gain of 13,318.4 points (up 20.2%).

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 7.2.

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