63 Moons Technologies hits 52-week high; stock zooms 125% in a month

In the past seven trading days, the stock has rallied 61 per cent from level of Rs 114 on April 26. In comparison, the benchmark S&P BSE Sensex was down 3.5 per cent during the same period.

Shares of 63 Moons Technologies (formerly known as Financial Technologies India) were locked in upper circuit for the seventh straight trading day after surging 10 per cent to Rs 184, also its 52-week high on the BSE in an otherwise weak market.

In the past seven trading days, the stock has rallied 61 per cent from level of Rs 114 on April 26, after the Supreme Court on April 30, set aside the Centre’s decision to merge National Spot Exchange (NSEL) with the company. In comparison, the benchmark S&P BSE Sensex was down 3.5 per cent during the same period.