Key Events This Week
23 Feb: Intraday low hit amid sharp 8.83% drop to Rs.585.20
24 Feb: Stock falls further to 52-week low of Rs.541.50
25 Feb: Slight recovery with 1.05% gain to Rs.606.80
26 Feb: Minor dip of 0.26% to Rs.605.25
27 Feb: Week closes at Rs.602.55, down 0.45% on the day
23 February 2026: Sharp Intraday Low Amid Price Pressure
63 Moons Technologies Ltd opened the week under significant pressure, closing at Rs.585.20, down 8.83% from the previous close. The stock hit an intraday low of Rs.587.35, marking an 8.49% drop intraday and nearing its 52-week low of Rs.575.05. This sharp decline contrasted with the Sensex’s positive close at 36,817.86, up 0.39%, highlighting the stock’s underperformance relative to the broader market.
The sell-off was driven by sustained bearish momentum, with the stock trading below all major moving averages (5-day through 200-day), signalling weak technical support. The Mojo Score of 17.0 and a Strong Sell grade reflect deteriorating fundamentals and market sentiment. The stock also underperformed its sector by 6.99%, indicating sector-specific headwinds.
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24 February 2026: New 52-Week Low Amid Continued Downtrend
The downward trend intensified on 24 February, with 63 Moons Technologies Ltd falling to a fresh 52-week low of Rs.541.50 intraday, closing at Rs.600.50 with a 2.61% gain from the previous day’s close but still reflecting a 3.37% loss on the day compared to the prior close. The stock’s cumulative decline over two days reached 13.37%, underscoring persistent selling pressure.
The broader IT - Software sector also declined by 3.12%, and the Sensex fell 0.78% to 36,530.09, but 63 Moons’ sharper losses highlighted its relative weakness. The stock remains below all key moving averages, reinforcing the bearish technical outlook. Financially, the company faces challenges with operating losses, a poor EBIT to Interest ratio averaging -113.96, and a low average ROE of 1.37%, which contribute to its weak fundamental profile.
Despite reporting a 40.6% increase in net sales for the quarter ending December 2025 and an efficient debtor turnover ratio of 20.17 times for the half-year, these operational improvements have yet to reverse the stock’s downtrend or improve profitability metrics. The absence of domestic mutual fund holdings further signals institutional caution.
25 to 27 February 2026: Modest Recovery and Stabilisation
Following the steep declines, the stock showed signs of modest recovery on 25 February, gaining 1.05% to close at Rs.606.80 on relatively low volume. The subsequent days saw minor fluctuations, with a slight dip of 0.26% on 26 February to Rs.605.25 and a further 0.45% decline on 27 February to Rs.602.55, which marked the week’s close.
These movements occurred amid mixed market conditions, with the Sensex rising 0.41% on 25 February and 0.19% on 26 February before falling 1.16% on 27 February. The stock’s relative stabilisation, despite low volumes, suggests some consolidation but no clear reversal of the bearish trend. The Mojo Grade remains Strong Sell, reflecting ongoing fundamental and technical weaknesses.
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Weekly Price Performance: 63 Moons Technologies Ltd vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-23 | Rs.585.20 | -8.83% | 36,817.86 | +0.39% |
| 2026-02-24 | Rs.600.50 | +2.61% | 36,530.09 | -0.78% |
| 2026-02-25 | Rs.606.80 | +1.05% | 36,679.75 | +0.41% |
| 2026-02-26 | Rs.605.25 | -0.26% | 36,748.49 | +0.19% |
| 2026-02-27 | Rs.602.55 | -0.45% | 36,322.56 | -1.16% |
Key Takeaways
Negative Signals: The stock’s 6.12% weekly decline significantly outpaced the Sensex’s 0.96% fall, reflecting pronounced weakness. The breach of the 52-week low at Rs.541.50 and sustained trading below all major moving averages indicate persistent bearish momentum. The Mojo Grade of Strong Sell and low Mojo Score of 17.0 underscore deteriorating fundamentals and market sentiment. Financial metrics such as negative EBIT to Interest ratio and low ROE highlight ongoing profitability and solvency concerns. The absence of domestic mutual fund holdings suggests institutional caution.
Positive Signals: Despite the downtrend, the company reported a 40.6% growth in net sales for the December 2025 quarter and demonstrated efficient receivables management with a debtor turnover ratio of 20.17 times. The modest recovery midweek and stabilisation in price towards week-end may indicate some consolidation, though volumes remained subdued.
Conclusion
63 Moons Technologies Ltd’s performance this week was marked by sharp declines and a new 52-week low, reflecting a challenging environment for the stock amid weak fundamentals and technical pressures. While operational improvements in sales and receivables offer some respite, they have yet to translate into a sustained price recovery or improved profitability. The stock’s underperformance relative to the Sensex and its sector, combined with a Strong Sell Mojo Grade, signals continued caution. Investors should closely monitor the company’s financial health and market developments before considering any change in stance.
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