Shares of 63 Moons Technologies rose 9 percent today again with a huge volume of about 20 lakh shares exchanging hands on NSE.

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At 02.33 PM, the stock surged 9.39 percent to Rs 116.90 per share on the NSE, while in comparison the Nifty50 rallied 0.97 percent to 11,803.25.

Since April 1, the stock has advanced 45 percent, however, it started gathering momentum since last Friday supported by good volume. In the last two trading sessions, shares of 63 Moons zoomed 25 percent till current levels, without any particular reason.

On February 19, the company in its press filing said, "The company has decided to file damage suits of Rs 10,000 crore against P Chidambaram and others, in their individual capacities for taking mala fide actions against 63 moons by abusing their powers."

Mumbai-based 63 Moons Technologies is a small-cap IT company that is engaged in providing computer programming, consultancy related services. The company's price to earnings (P/E) ratio is at 40.29x with return on equity of 0.39 percent.

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First Published:Apr 16, 2019 3:21 PM IST