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63 Moons Tech Gains 11%; BSE IT Index Up 1.0%
Mon, 14 Oct 13:41

63 Moons Tech Gains 11%; BSE IT Index Up 1.0%Image source: asbe/www.istockphoto.com

63 Moons Tech share price has zoomed 11% and is presently trading at Rs 486.0.

Meanwhile, the BSE IT index is at 43,260.5 (up 1.0%).

Among the top gainers in the BSE IT index today are Wipro (up 3.8%) and Mastek (up 2.8%).

INTELLECT DESIGN (down 1.9%) and INFIBEAM AVENUES (down 1.6%) are among the top losers today.

Over the last one year, 63 Moons Tech has moved up from Rs 244.9 to Rs 486.0, registering a gain of Rs 241.1 (up 98.5%).

On the other hand, the BSE IT index has moved up from 32,901.6 to 43,260.5, registering a gain of 31.5% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 179.2%), Firstsource Solutions (up 94.6%) and PERSISTENT SYSTEMS (up 92.1%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,978.9 (up 0.7%).

The top gainers among the BSE Sensex today are Tech Mahindra (up 2.7%) and L&T (up 2.4%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,117.8 (up 0.6%). Wipro and Tech Mahindra are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,079.4 to 81,978.9, registering a gain of 15,899.5 points (up 24.1%).

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 2024, 63 Moons Tech reported 1334.2% increase in net profit to Rs 2,692 million compared to net loss of Rs 218 million during FY23. Revenue of the company grew 57.0% to Rs 4,553 million during FY24.

The current Price to earnings ratio of 63 Moons Tech, based on rolling 12 month earnings, stands at 13.8.

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