63 Moons Surges 15% as Arm’s Order Book Hits 82%
Shares of 63 Moons Technologies Limited touched a day’s high of Rs 777.80 on the NSE on Monday, 13 July, rallying as much as 15% intraday. The surge followed a strong first quarter business update from its material subsidiary, 63SATS Cybertech, which flagged a sharp jump in order inflows and... The post 63 Moons Surges 15% as Arm’s Order Book Hits 82% appeared first on Equitypandit.
Shares of 63 Moons Technologies Limited touched a day’s high of Rs 777.80 on the NSE on Monday, 13 July, rallying as much as 15% intraday.
The surge followed a strong first quarter business update from its material subsidiary, 63SATS Cybertech, which flagged a sharp jump in order inflows and steady traction across its cybersecurity products.
In an exchange filing dated 10 July, 63 Moons said 63SATS Cybertech secured a committed order book of Rs 288 crore during the June quarter.
This works out to around 82% of the subsidiary’s full year revenue target of Rs 350 crore for FY27, achieved within a single quarter. The order book is also more than three times the subsidiary’s entire FY26 revenue of Rs 87 crore, with about Rs 100 crore of it already executed and billed, including taxes.
Growth was strong on the product side too. The cumulative order value for its CYBX DNA AI CyberOps platform, an AI powered security operations tool, crossed Rs 53 crore, with Rs 13 crore booked fresh in the quarter alone.
On the consumer front, the company’s CYBX cybersecurity app crossed 2 million downloads and added paid subscribers to reach 3.25 lakh during the quarter.
The firm also onboarded more than 65 clients for compliance with the Digital Personal Data Protection Act, tapping into rising demand for data privacy solutions.
Managing director and CEO Neehar Pathare said the order book covers close to 82% of the full year target, adding that the shift from a services led business to an IP led model is gaining momentum.
He has also been named Co-Chairman of the Cybersecurity Task Force at the Confederation of Indian Industry. Two new independent directors joined the subsidiary’s board during the quarter as well.
By 14:33 pm, the stock was trading at Rs 737.10 on the NSE, up 8.62% from the previous close. The stock has gained more than 13% over the last month.
Ready to invest like a pro? Tradz by EquityPandit app equips you with 100+ Free tools and knowledge you need to succeed. Download the Tradz by EquityPandit app and gain access to daily stock lists and insightful market analysis and much more!
The post 63 Moons Surges 15% as Arm’s Order Book Hits 82% appeared first on Equitypandit.
What's Your Reaction?
