India's 63 Moons Technologies tanks on widening Q4 loss

63 Moons Technologies

25/05/2023 06:43

** 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))