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63 Moons Tech Gains 5%; BSE IT Index Up 0.2%
Mon, 2 Sep 10:17

63 Moons Tech Gains 5%; BSE IT Index Up 0.2%Image source: phive2015/www.istockphoto.com

63 Moons Tech share price has zoomed 5% and is presently trading at Rs 342.9.

Meanwhile, the BSE IT index is at 43,585.2 (up 0.2%).

Among the top gainers in the BSE IT index today are TANLA SOLUTIONS (up 2.6%) and ZENSAR TECHNOLOGIES (up 2.4%).

Oracle Financial Services (down 1.9%) and Mastek (down 1.1%) are among the top losers today.

Over the last one year, 63 Moons Tech has moved up from Rs 332.7 to Rs 342.9, registering a gain of Rs 10.2 (up 3.1%).

On the other hand, the BSE IT index has moved up from 31,246.5 to 43,585.2, registering a gain of 39.5% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 169.5%), INFIBEAM AVENUES (up 108.0%) and PERSISTENT SYSTEMS (up 103.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 82,609.1 (up 0.3%).

The top gainers among the BSE Sensex today are Bajaj Finserv (up 2.4%) and ITC (up 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 25,305.2 (up 0.3%). Bajaj Finserv and Hero Motocorp are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,075.8 to 82,609.1, registering a gain of 17,533.3 points (up 26.9%).

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 9.8.

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