63 Moons rallies 21% in two days as SC rules against NSEL merger

The stock has rallied 71 per cent in the past three weeks from Rs 80 on April 11, relative to a 1 per cent rise in the benchmark S&P BSE Sensex

Shares of 63 Moons Technologies (formerly known as Financial Technologies India) were locked in upper circuit for the second straight day on Thursday after they rallied 10 per cent to hit Rs 137 apiece level.

The financial services firm was witnessing the rally after the Supreme Court on Tuesday set aside the Centre’s decision to merge National Spot Exchange (NSEL) with the company. In two days, the stock has surged 21 per cent.

Till 11:54 am, a total of 1,16,642 shares changed hands and there were pending buy orders for 1.4 million shares on the NSE and BSE.