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63 Moons Technologies plunges over 30% in four days

The stock dipped nearly 20% to Rs 95 on the BSE on back of heavy volumes today

hare brokers react to falling stock prices on screens of computers and television
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hare brokers react to falling stock prices on screens of computers and television

SI Reporter Mumbai
63 Moons Technologies (formerly Financial Technologies (India)) slipped nearly 20% to Rs 95 on the BSE, extending its past three days decline, after the Bombay High Court on Monday upheld the order of the Union Ministry of Corporate Affairs (MCA) for a merger of scam-tainted National Spot Exchange Ltd (NSEL) with the company.

In past four trading days, the stock has declined 31% from Rs 138 on Friday, December 1, as compared to a marginal 0.10% fall in the S&P BSE Sensex. With effect from today, the stock exchange revised the circuit filter to 20% from 5% earlier.