63 moons hits 52-week low

63 moons technologies slumped 7.21% to Rs 79.20 at 12:43 IST on BSE after the Economic Offences Wing of Mumbai police attached assets of the company in connection with the Rs 5600 crore National Spot Exchange scam.

Meanwhile, the S&P BSE Sensex was up 75.79 points or 0.27% at 27,863.41.

On BSE, so far 7.96 lakh shares were traded in the counter as against average daily volume of 1.38 lakh shares in the past one quarter. The stock hit a low of Rs 70.20 so far during the day, which is a 52-week low for the counter. The stock hit a high of Rs 81.95 so far during the day. The stock had hit a 52-week high of Rs 169.60 on 6 August 2015. The stock had underperformed the market over the past one month till 19 July 2016, sliding 1.78% compared with Sensex's 4.36% rise. The scrip had also underperformed the market in past one quarter, declining 6.57% as against Sensex's 7.64% rise.

The small-cap company has equity capital of Rs 9.22 crore. Face value per share is Rs 2.

63 moons technologies (formerly Financial Technologies (India)) in a clarification issued to the stock exchanges after market hours yesterday, 19 July 2016 said that it has received a letter from the Economic Offences Wing (EOW) dated 18 July 2016, securing assets of the company. 63 moons said it will take all legal remedies to protect the interest of its shareholders and employees. There is no legal basis for the action from EOW and the company will be moving court soon on the letter from EOW, 63 moons said in a statement.

It may be recalled that the Enforcement Directorate, Mumbai had last week placed 63 moons technologies' promoter Jignesh Shah under arrest.

63 moons technologies reported net loss of Rs 39.31 crore in Q4 March 2016, higher than net loss of Rs 5.66 crore in Q4 March 2015. Net sales declined 24.8% to Rs 31.62 crore in Q4 March 2016 over Q4 March 2015.

63 moons technologies is among the global leaders in offering technology IP (Intellectual Property) and domain expertise to create and trade on next generation financial markets. It is a global leader in creating and operating next-generation tech-centric financial exchanges.

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