63MOONS
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63 Moons Technologies March-Quarter Consol Net Pat 225 Million Rupees
May 18 (Reuters) - 63 Moons Technologies Ltd 63MO.NS:
63 MOONS TECHNOLOGIES LTD MARCH-QUARTER CONSOL NET PAT 225 MILLION RUPEES
63 MOONS TECHNOLOGIES LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 1.33 BILLION RUPEES
Source text: [ID:]
Further company coverage: 63MO.NS
May 18 (Reuters) - 63 Moons Technologies Ltd 63MO.NS:
63 MOONS TECHNOLOGIES LTD MARCH-QUARTER CONSOL NET PAT 225 MILLION RUPEES
63 MOONS TECHNOLOGIES LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 1.33 BILLION RUPEES
Source text: [ID:]
Further company coverage: 63MO.NS
63 Moons Technologies Confirms Co Continue To Provide Technology Services To MSE
Feb 24 (Reuters) - 63 Moons Technologies Ltd 63MO.NS:
63 MOONS TECHNOLOGIES - CONFIRM THAT WE CONTINUE TO PROVIDE TECHNOLOGY SERVICES TO MSE
Source text: ID:nBSE68Rqgz
Further company coverage: 63MO.NS
Feb 24 (Reuters) - 63 Moons Technologies Ltd 63MO.NS:
63 MOONS TECHNOLOGIES - CONFIRM THAT WE CONTINUE TO PROVIDE TECHNOLOGY SERVICES TO MSE
Source text: ID:nBSE68Rqgz
Further company coverage: 63MO.NS
India's 63 moons technologies jumps on report of approval for National Spot Exchange settlement scheme
** Shares of 63 moons technologies 63MO.NS jump 16.3% to 908.65 rupees, set to gain for fourth straight session
** "63 moons says, National Spot Exchange settlement scheme approved by NCLT," CNBC-TV18 said on social media platform X
** Trading vols at 2.2 mln shares so far, 20x the 30-day average
** The NCLT approval, if the reports are confirmed, marks a final stop for the 12-year long NSEL crisis, potentially leading to all legal cases against company being withdrawn
** Co did not immediately respond to a Reuters' request for comment
** 63MO up ~0.5% YTD post day's gains
(Reporting by Vijay Malkar)
** Shares of 63 moons technologies 63MO.NS jump 16.3% to 908.65 rupees, set to gain for fourth straight session
** "63 moons says, National Spot Exchange settlement scheme approved by NCLT," CNBC-TV18 said on social media platform X
** Trading vols at 2.2 mln shares so far, 20x the 30-day average
** The NCLT approval, if the reports are confirmed, marks a final stop for the 12-year long NSEL crisis, potentially leading to all legal cases against company being withdrawn
** Co did not immediately respond to a Reuters' request for comment
** 63MO up ~0.5% YTD post day's gains
(Reporting by Vijay Malkar)
India's 63 Moons Technologies hits upper circuit on approving settlement deal
** 63 Moons Technologies 63MO.NS rises exchange-allowed upper circuit of 5% to 895.5 rupees
** IT services provider approves one-time settlement of 19.50 bln rupees ($230 mln) as proposed by NSEL Investors Forum, representing unpaid claimants
** Majority of unpaid claimants, both in terms of number and claim value, voted in favour of settlement proposal
** Stock set to snap two sessions of losses
** 63MO up ~90% YTD
($1 = 84.7975 Indian rupees)
(Reporting by Yagnoseni Das in Bengaluru)
** 63 Moons Technologies 63MO.NS rises exchange-allowed upper circuit of 5% to 895.5 rupees
** IT services provider approves one-time settlement of 19.50 bln rupees ($230 mln) as proposed by NSEL Investors Forum, representing unpaid claimants
** Majority of unpaid claimants, both in terms of number and claim value, voted in favour of settlement proposal
** Stock set to snap two sessions of losses
** 63MO up ~90% YTD
($1 = 84.7975 Indian rupees)
(Reporting by Yagnoseni Das in Bengaluru)
India's 63 Moons Technologies gains after unit's fund raise
** Shares of 63 Moons Technologies 63MO.NS rise 5% to 631.5 rupees, their highest in nearly a year
** The computer programming firm's unit, Ticker Ltd, raises funds via private placement of 73 mln shares at 20 rupees each
** More than 1 mln shares traded, 1.7x its 30-day avg
** Stock up 33.9% YTD
(Reporting by Aleef Jahan in Bengaluru)
** Shares of 63 Moons Technologies 63MO.NS rise 5% to 631.5 rupees, their highest in nearly a year
** The computer programming firm's unit, Ticker Ltd, raises funds via private placement of 73 mln shares at 20 rupees each
** More than 1 mln shares traded, 1.7x its 30-day avg
** Stock up 33.9% YTD
(Reporting by Aleef Jahan in Bengaluru)
63 Moons Technologies Unit Raises Funds
Nov 27 (Reuters) - 63 Moons Technologies Ltd 63MO.NS:
63 MOONS TECHNOLOGIES - UNIT RAISED FUNDS VIA PRIVATE PLACEMENT OF 73 MILLION SHARES
63 MOONS TECHNOLOGIES - PRIVATE PLACEMENT AT 20 RUPEES/SHARE
Source text: ID:nBSE92WkFk
Further company coverage: 63MO.NS
Nov 27 (Reuters) - 63 Moons Technologies Ltd 63MO.NS:
63 MOONS TECHNOLOGIES - UNIT RAISED FUNDS VIA PRIVATE PLACEMENT OF 73 MILLION SHARES
63 MOONS TECHNOLOGIES - PRIVATE PLACEMENT AT 20 RUPEES/SHARE
Source text: ID:nBSE92WkFk
Further company coverage: 63MO.NS
63 Moons Technologies Ltd Says Was Not Served Notice By NIAG
Sept 13 (Reuters) - 63 Moons Technologies Ltd 63MO.NS:
WAS NOT SERVED NOTICE BY NIAG
WILL CLARIFY ALL ALLEGATIONS IN SC
Source text for Eikon: ID:nBSE5Lvx2N
Further company coverage: 63MO.NS
(Reporting by VijayDattaram Malkar)
Sept 13 (Reuters) - 63 Moons Technologies Ltd 63MO.NS:
WAS NOT SERVED NOTICE BY NIAG
WILL CLARIFY ALL ALLEGATIONS IN SC
Source text for Eikon: ID:nBSE5Lvx2N
Further company coverage: 63MO.NS
(Reporting by VijayDattaram Malkar)
India's 63 Moons Technologies drops after downbeat Q1 results
** Shares of 63 Moons Technologies Ltd 63MO.NS down 5%
** IT services provider posts Q1 loss as rev shrunk by two-thirds
** Around 457,000 shares traded - 2.4x 30-day avg volume
** Stock down ~30% YTD
(Reporting by Nandan Mandayam in Bengaluru)
((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))
** Shares of 63 Moons Technologies Ltd 63MO.NS down 5%
** IT services provider posts Q1 loss as rev shrunk by two-thirds
** Around 457,000 shares traded - 2.4x 30-day avg volume
** Stock down ~30% YTD
(Reporting by Nandan Mandayam in Bengaluru)
((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))
63 Moons Technologies June-Quarter Consol Loss After Tax 85.9 Million Rupees
Aug 12 (Reuters) - 63 Moons Technologies Ltd 63MO.NS:
63 MOONS TECHNOLOGIES LTD JUNE-QUARTER CONSOL LOSS AFTER TAX 85.9 MILLION RUPEES
63 MOONS TECHNOLOGIES LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 387 MILLION RUPEES
Source text for Eikon: ID:nBSEc3MRmJ
Further company coverage: 63MO.NS
Aug 12 (Reuters) - 63 Moons Technologies Ltd 63MO.NS:
63 MOONS TECHNOLOGIES LTD JUNE-QUARTER CONSOL LOSS AFTER TAX 85.9 MILLION RUPEES
63 MOONS TECHNOLOGIES LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 387 MILLION RUPEES
Source text for Eikon: ID:nBSEc3MRmJ
Further company coverage: 63MO.NS
Motilal Oswal sets Street-high PT for India's MCX, shares up 6%
** Shares of Multi Commodity Exchange of India (MCX) MCEI.NS up 6% at 3,952.60 rupees
** Motilal Oswal upgrades stock to "buy" from "neutral", sets Street-high PT of 4,300 rupees
** New products, including gold serial contracts, power contracts, will be key growth drivers for MCX in near term, says Motilal Oswal
** MCX's recently launched Steel TMT bar contracts expected to result in large volumes for MCX, Motilal says
** Adds, completion of software transition to TCS TCS.NS from 63 Moons 63MO.NS will result in cost savings
** Avg rating of eight analysts at "buy"; median PT is 3,900 rupees - LSEG data
** Trading volume nearly 5x the 30-day moving avg, its busiest session so far this year
** Stock up 23.5% YTD after more than doubling in 2023
(Reporting by Kashish Tandon in Bengaluru)
** Shares of Multi Commodity Exchange of India (MCX) MCEI.NS up 6% at 3,952.60 rupees
** Motilal Oswal upgrades stock to "buy" from "neutral", sets Street-high PT of 4,300 rupees
** New products, including gold serial contracts, power contracts, will be key growth drivers for MCX in near term, says Motilal Oswal
** MCX's recently launched Steel TMT bar contracts expected to result in large volumes for MCX, Motilal says
** Adds, completion of software transition to TCS TCS.NS from 63 Moons 63MO.NS will result in cost savings
** Avg rating of eight analysts at "buy"; median PT is 3,900 rupees - LSEG data
** Trading volume nearly 5x the 30-day moving avg, its busiest session so far this year
** Stock up 23.5% YTD after more than doubling in 2023
(Reporting by Kashish Tandon in Bengaluru)
63 Moons Technologies Dec-Qtr Consol Net PAT Rises
Feb 12 (Reuters) - 63 Moons Technologies Ltd 63MO.NS:
63 MOONS TECHNOLOGIES DEC-QUARTER CONSOL NET PAT 927.2 MILLION RUPEES VERSUS PROFIT 219.9 MILLION RUPEES
63 MOONS TECHNOLOGIES DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 1.61 BILLION RUPEES VERSUS 931.4 MILLION RUPEES
Source text for Eikon: ID:nBSE4ZZCs7
Further company coverage: 63MO.NS
Feb 12 (Reuters) - 63 Moons Technologies Ltd 63MO.NS:
63 MOONS TECHNOLOGIES DEC-QUARTER CONSOL NET PAT 927.2 MILLION RUPEES VERSUS PROFIT 219.9 MILLION RUPEES
63 MOONS TECHNOLOGIES DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 1.61 BILLION RUPEES VERSUS 931.4 MILLION RUPEES
Source text for Eikon: ID:nBSE4ZZCs7
Further company coverage: 63MO.NS
India's 63 Moons Technologies hits over 10-year high
** Shares of 63 Moons Technologies 63MO.NS rise as much as 5% to 541.35 rupees, hitting over 10-year high
** Stock on track for 13th consecutive session of gains, if trends hold
** IT services and consulting firm announces its technology initiatives in domains of cybersecurity, legal tech and blockchain
** More than 180,000 shares change hands by 2:37 p.m. IST, 0.6x the 30-day avg
** Stock has more than tripled so far this year
(Reporting by Dimpal Gulwani in Bengaluru)
** Shares of 63 Moons Technologies 63MO.NS rise as much as 5% to 541.35 rupees, hitting over 10-year high
** Stock on track for 13th consecutive session of gains, if trends hold
** IT services and consulting firm announces its technology initiatives in domains of cybersecurity, legal tech and blockchain
** More than 180,000 shares change hands by 2:37 p.m. IST, 0.6x the 30-day avg
** Stock has more than tripled so far this year
(Reporting by Dimpal Gulwani in Bengaluru)
India's 63 Moons up after June-quarter profit swing
** Shares of 63 Moons Technologies 63MO.NS rise as much as 9.5% to 277.8 rupees, highest since July 14
** Co reported a consolidated net PAT on Tuesday vs a loss a year ago
** The IT services and consulting firm said rev from ops nearly tripled
** 63MO trading above its moving average convergence divergence line, indicating bullish sentiment
** Stock rises over 51% this year, up to last close
($1 = 82.8040 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru)
((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))
** Shares of 63 Moons Technologies 63MO.NS rise as much as 9.5% to 277.8 rupees, highest since July 14
** Co reported a consolidated net PAT on Tuesday vs a loss a year ago
** The IT services and consulting firm said rev from ops nearly tripled
** 63MO trading above its moving average convergence divergence line, indicating bullish sentiment
** Stock rises over 51% this year, up to last close
($1 = 82.8040 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru)
((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))
India's 63 Moons Technologies Posts June-Quarter Consol Net PAT
Aug 8 (Reuters) - 63 Moons Technologies Ltd 63MO.NS:
JUNE-QUARTER CONSOL NET PAT 389.9 MILLION RUPEES VERSUS LOSS 118.4 MILLION RUPEES
JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 1.15 BILLION RUPEES VERSUS 408.1 MILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: 63MO.NS
Aug 8 (Reuters) - 63 Moons Technologies Ltd 63MO.NS:
JUNE-QUARTER CONSOL NET PAT 389.9 MILLION RUPEES VERSUS LOSS 118.4 MILLION RUPEES
JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 1.15 BILLION RUPEES VERSUS 408.1 MILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: 63MO.NS
India's Multi Commodity Exchange drops 14% after extending IT contract at higher cost
** Shares of Multi Commodity Exchange of India MCEI.NS fall as much as 14.06% to 1,411.40 rupees, sharpest intraday pct loss since Mar. 23, 2020
** Co says it has extended services of software vendor 63 Moons Technologies 63MO.NS for six months at a higher cost
** Commodity exchange renewed the contract for 2.50 bln rupees ($30.5 mln) for 6 months, beginning July 1, compared with 810 mln rupees for first 6 months of the year
** Shares of 63MO rise as much as 18.01% to 255.90 rupees, hitting highest level since Apr. 26, 2022
** Avg rating of 9 analysts covering MCEI close to equivalent of "hold", median PT is 1,600 rupees - Refinitiv data
($1 = 82.0250 Indian rupees)
(Reporting by Ashish Chandra in Bengaluru)
((ashish.chandra@thomsonreuters.com (+91 7982114624))
** Shares of Multi Commodity Exchange of India MCEI.NS fall as much as 14.06% to 1,411.40 rupees, sharpest intraday pct loss since Mar. 23, 2020
** Co says it has extended services of software vendor 63 Moons Technologies 63MO.NS for six months at a higher cost
** Commodity exchange renewed the contract for 2.50 bln rupees ($30.5 mln) for 6 months, beginning July 1, compared with 810 mln rupees for first 6 months of the year
** Shares of 63MO rise as much as 18.01% to 255.90 rupees, hitting highest level since Apr. 26, 2022
** Avg rating of 9 analysts covering MCEI close to equivalent of "hold", median PT is 1,600 rupees - Refinitiv data
($1 = 82.0250 Indian rupees)
(Reporting by Ashish Chandra in Bengaluru)
((ashish.chandra@thomsonreuters.com (+91 7982114624))
63 Moons Technologies Agreed To "Eleventh-Hour" Request For Software Support Service By Multi Commodity Exchange Of India
June 29 (Reuters) - 63 Moons Technologies Ltd 63MO.NS:
63 MOONS TECHNOLOGIES LTD - AGREED TO ELEVENTH-HOUR REQUEST BY MULTI COMMODITY EXCHANGE OF INDIA LIMITED
63 MOONS TECHNOLOGIES LTD - NEW ARRANGEMENT OF SOFTWARE SUPPORT SERVICE WILL BE FROM COMMENCING FROM 1ST JULY 2023 TO 31ST DECEMBER 2023
63 MOONS TECHNOLOGIES- THIS IS THIRD TIME MCX APPROACHED CO TO EXTEND SOFTWARE SUPPORT SERVICE ARRANGEMENT AFTER LONG-TERM ARRANGEMENT WITH MCX ENDED SEPT 30, 2022
Source text for Eikon: ID:nNSE6N2SJ3
Further company coverage: 63MO.NS
June 29 (Reuters) - 63 Moons Technologies Ltd 63MO.NS:
63 MOONS TECHNOLOGIES LTD - AGREED TO ELEVENTH-HOUR REQUEST BY MULTI COMMODITY EXCHANGE OF INDIA LIMITED
63 MOONS TECHNOLOGIES LTD - NEW ARRANGEMENT OF SOFTWARE SUPPORT SERVICE WILL BE FROM COMMENCING FROM 1ST JULY 2023 TO 31ST DECEMBER 2023
63 MOONS TECHNOLOGIES- THIS IS THIRD TIME MCX APPROACHED CO TO EXTEND SOFTWARE SUPPORT SERVICE ARRANGEMENT AFTER LONG-TERM ARRANGEMENT WITH MCX ENDED SEPT 30, 2022
Source text for Eikon: ID:nNSE6N2SJ3
Further company coverage: 63MO.NS
India's 63 Moons Technologies tanks on widening Q4 loss
** Shares of 63 Moons Technologies Ltd 63MO.NS fall as much as 9.6%, its biggest pct loss since April 19, 2021
** Co reported consolidated net loss after tax of 175.7 mln rupees ($2.2 mln) vs a loss of 86.1 mln rupees year ago
** Rev from ops saw near 3-fold jump, but hurt by an exceptional item worth 413.7 mln rupees
** Stock trading below 50-, 100- and 200-day exponential moving avgs since April 18
** More than 397,000 shares change hands by 11:00 a.m. IST, nearly 4x the 30-day avg
** As of last close, stock up 7.5% this year
($1 = 82.7464 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru)
((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))
** Shares of 63 Moons Technologies Ltd 63MO.NS fall as much as 9.6%, its biggest pct loss since April 19, 2021
** Co reported consolidated net loss after tax of 175.7 mln rupees ($2.2 mln) vs a loss of 86.1 mln rupees year ago
** Rev from ops saw near 3-fold jump, but hurt by an exceptional item worth 413.7 mln rupees
** Stock trading below 50-, 100- and 200-day exponential moving avgs since April 18
** More than 397,000 shares change hands by 11:00 a.m. IST, nearly 4x the 30-day avg
** As of last close, stock up 7.5% this year
($1 = 82.7464 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru)
((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))
63 Moons Technologies Re-Appoints Rajendran Soundaram As MD, CEO
May 24 (Reuters) - 63 Moons Technologies Ltd 63MO.NS:
DIVIDEND 2 RUPEES PER SHARE
RE-APPOINTS RAJENDRAN SOUNDARAM AS MANAGING DIRECTOR AND CEO
RE-APPOINTS DEVENDRA AGRAWAL AS CFO FOR FURTHER TERM OF 3 YEARS
Source text for Eikon: ID:nBSEXFY0N
Further company coverage: 63MO.NS
May 24 (Reuters) - 63 Moons Technologies Ltd 63MO.NS:
DIVIDEND 2 RUPEES PER SHARE
RE-APPOINTS RAJENDRAN SOUNDARAM AS MANAGING DIRECTOR AND CEO
RE-APPOINTS DEVENDRA AGRAWAL AS CFO FOR FURTHER TERM OF 3 YEARS
Source text for Eikon: ID:nBSEXFY0N
Further company coverage: 63MO.NS
CARE Ratings Files Appeals Against Court Order On Interim Applications Filed By 63 Moons Technologies Against Co, Others
April 20 (Reuters) - CARE Ratings Ltd CREI.NS:
FILED APPEALS AGAINST COURT ORDER ON INTERIM APPLICATIONS FILED BY 63 MOONS TECHNOLOGIES AGAINST CO, OTHERS
Source text for Eikon: ID:nBSE4nwLfr
Further company coverage: CREI.NS
April 20 (Reuters) - CARE Ratings Ltd CREI.NS:
FILED APPEALS AGAINST COURT ORDER ON INTERIM APPLICATIONS FILED BY 63 MOONS TECHNOLOGIES AGAINST CO, OTHERS
Source text for Eikon: ID:nBSE4nwLfr
Further company coverage: CREI.NS
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What does 63 Moons Tech. do?
63 Moons Technologies Limited is a global leader in creating digital markets and marketplaces, focusing on technology solutions for financial platforms and ecosystems across India and internationally.
Who are the competitors of 63 Moons Tech.?
63 Moons Tech. major competitors are R Systems Intl., Route Mobile, Sasken Technologies, eMudhra, Nucleus Software Exp, Saksoft, Datamatic Global Ser. Market Cap of 63 Moons Tech. is ₹3,216 Crs. While the median market cap of its peers are ₹3,245 Crs.
Is 63 Moons Tech. financially stable compared to its competitors?
63 Moons Tech. seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does 63 Moons Tech. pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. 63 Moons Tech. latest dividend payout ratio is 4.14% and 3yr average dividend payout ratio is 4.14%
How has 63 Moons Tech. allocated its funds?
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments
How strong is 63 Moons Tech. balance sheet?
Balance sheet of 63 Moons Tech. is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of 63 Moons Tech. improving?
No, profit is decreasing. The profit of 63 Moons Tech. is -₹52.98 Crs for TTM, -₹33.17 Crs for Mar 2025 and ₹223 Crs for Mar 2024.
Is the debt of 63 Moons Tech. increasing or decreasing?
Yes, The net debt of 63 Moons Tech. is increasing. Latest net debt of 63 Moons Tech. is -₹1,676.78 Crs as of Mar-26. This is greater than Mar-25 when it was -₹3,850.38 Crs.
Is 63 Moons Tech. stock expensive?
63 Moons Tech. is expensive when considering the PE ratio, however latest EV/EBIDTA is < 3 yr avg EV/EBIDTA. Latest PE of 63 Moons Tech. is 18.08, while 3 year average PE is 14.43. Also latest EV/EBITDA of 63 Moons Tech. is 0.0 while 3yr average is 5.41.
Has the share price of 63 Moons Tech. grown faster than its competition?
63 Moons Tech. has given better returns compared to its competitors. 63 Moons Tech. has grown at ~56.39% over the last 3yrs while peers have grown at a median rate of 10.72%
Is the promoter bullish about 63 Moons Tech.?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in 63 Moons Tech. is 45.63% and last quarter promoter holding is 45.63%.
Are mutual funds buying/selling 63 Moons Tech.?
There is Insufficient data to gauge this.