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63 Moons Shares Jump Over 12 Percent Following Strong Subsidiary Update
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CNBC Awaaz•12-10-2026, 12:01
63 Moons Shares Jump Over 12 Percent Following Strong Subsidiary Update
- •63 Moons Technologies shares surged over 12 percent, opening strongly at Rs 838.30 and reaching up to Rs 859.65.
- •The sharp increase was driven by a major business update from its subsidiary, 63 SATS Cybertech.
- •The subsidiary raised its financial year billing estimate from Rs 350 crore to Rs 600 crore due to strong business prospects.
- •Trading volume exceeded 1.8 million shares by 11:30 am, marking a massive surge compared to normal daily averages.
- •Experts note that billing figures represent total invoices issued to customers and should not be confused with net profit.
Key Questions Answered
The stock surged over 12% following a business update from its subsidiary, 63 SATS Cybertech, which increased its billing estimate for the 2026-27 financial year from Rs 350 crore to Rs 600 crore.
The subsidiary increased its full-year billing estimate from Rs 350 crore to Rs 600 crore, representing an increase of about 71.43 percent driven by strong work progress and future business prospects.
Billing represents the total amount of bills issued to customers for services, whereas profit accounts for operating expenses such as employees, technology, and service delivery costs, meaning billing figures do not equal net profit.
