Clarification on misleading old article about NSEL judgment; stock volatility noted
63MOONS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.2 pts less than Nifty Microcap 250 and 0.8 pts more than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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63 Moons clarified that a Law Text article about a Bombay High Court ruling in the NSEL scam case was actually from February 2025, over 1.5 years old, not a fresh judgment. The article was misleadingly presented as new. The ruling was on appeals by promoters and directors of certain NSEL brokers, not a challenge to MPID Act. The company noted significant intraday stock price volatility when the article circulated on WhatsApp. It is considering legal action against those responsible and urged investors to rely only on stock exchange disclosures.
Company pushing back against misleading publication; considering legal action; stock showed volatility. Investors should await further updates.