{"id":106542,"date":"2023-08-09T13:43:26","date_gmt":"2023-08-09T08:13:26","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=106542"},"modified":"2023-08-09T13:46:23","modified_gmt":"2023-08-09T08:16:23","slug":"small-cap-stock-hits-10-upper-circuit-after-reporting-181-increase-in-revenue","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/small-cap-stock-hits-10-upper-circuit-after-reporting-181-increase-in-revenue\/","title":{"rendered":"Small cap stock hits 10% upper circuit after reporting 181% increase in revenue\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1007608536\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of a small-cap stock hit the 10% upper circuit on Tuesday\u2019s early trades to reach an intraday high of \u20b9 278.95 apiece. This happened after the company announced stellar results for the first quarter of the financial year 2023-24.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2267122035\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>According to an exchange filing, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/63MOONS\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">63 Moons Technologies<\/a><\/strong> reported a 181.74% increase in its revenue from operations to \u20b9 114.98 crores in Q1FY24 (April to June 2023), compared to \u20b9 40.81 crores in the corresponding quarter last year. Moreover, it reported a profit of 39.37 crores in the latest quarter, compared to a loss of \u20b9 3.20 crores in the same quarter last year.&nbsp;<\/p><p>63 Moons Technologies is engaged in computer programming, consultancy and related services. It has developed a variety of financial market software that simplifies trading and settlement of multi-asset and multi-currency products, that help any exchange to operate in local or cross-border markets.&nbsp;<\/p><p>In another development, it re-appointed Kanekal Chandrasekhar as a non-executive independent director for a period of five consecutive years, with effect from September 18, 2023.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3462653244\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>With a market capitalization of \u20b9 1,169 crores, 63 Moons Technologies is a small-cap company. It has a negative return on equity of 0.53% and an ideal debt-to-equity ratio of 0.00. Its shares were trading at a price-to-earnings ratio (P\/E) of 69.73, which is slightly higher than the industry P\/E of 58.75, indicating that the stock might be undervalued as compared to its peers.&nbsp;<\/p><p>Retail investors hold a 49.09% stake in the company, its promoters hold a 45.63% stake, foreign institutions hold 5.16% and other domestic institutions hold a 0.12% stake in the company.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-4259726324\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of a small-cap stock hit the 10% upper circuit on Tuesday\u2019s early trades to reach an intraday high of \u20b9 278.95 apiece. This happened after the company announced stellar results for the first quarter of the financial year 2023-24.&nbsp; According to an exchange filing, 63 Moons Technologies reported a 181.74% increase in its revenue [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":24849,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[10706,9664,9663,948,936,9665],"class_list":["post-106542","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-63-moons-q1-results-2023","tag-63-moons-technologies-latest-news","tag-63-moons-technologies-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-63-moons-technologies-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Small cap stock hits 10% upper circuit after reporting 181% increase in revenue\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of a small-cap stock hit the 10% upper circuit on Tuesday\u2019s early trades to reach an intraday high of \u20b9 278.95 apiece. 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