India's 63 Moons Technologies gains most in 10 weeks

63 Moons Technologies

11/06/2018 08:12

** Shares of 63 Moons Technologies Ltd  63MO.NS  jump as
much as 13.8 pct to 83.2 rupees - highest since May 25
    ** Stock posts biggest intraday pct gain since April 2
    ** National Company Law Tribunal has dismissed Ministry of
Corporate Affairs' plea to supersede board of co in connection
with payment defaults pertaining to its unit National Spot
Exchange Ltd, 63 Moons Technologies said in a release https://www.bseindia.com/xml-data/corpfiling/AttachLive/0e538d25-b589-4a0e-b1a4-580ea5075c5f.PDF
 dated June 9
    ** "Order has also given a clean chit to the current board
of 63 Moons of any alleged misconduct or wrongdoing against the
interest of its shareholders," CEO S Rajendran said 
    ** More than 873,400 shares changed hands versus 30-day
moving avg of 233,229
    ** Stock has fallen 38 pct this year up to Friday's close

 ((Reuters Messaging:
vishal.sridhar.thomsonreuters.com@reuters.net))