Stock Up 10% in December; Unveils Groundbreaking Initiatives

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Stock Up 10% in December; Unveils Groundbreaking Initiatives
Credit: © Reuters.

By Aayush Khanna

63 Moons Technologies (NS: 63MO ) Limited, renowned for pioneering cutting-edge technologies, has unveiled groundbreaking initiatives in Cybersecurity, LegalTech, and Web 3.0 & Blockchain. These forward-looking domains, with a potential market value in trillions, are poised to revolutionize various sectors, reshaping public life. The company introduces three distinctive tech initiatives: 63 SATS (Cybersecurity), QiLegal (LegalTech), and 3.0 Verse (Web 3.0 & Blockchain).

63 SATS, a dedicated Cybersecurity Strategic Business Unit, acts as a formidable defense against modern cyber threats, offering end-to-end products and solutions. In response to the escalating risk of USD 10.5 trillion by 2025, 63 SATS provides services such as Red Team Assessment and Technical Surveillance Counter Measures.

3.0 Verse takes center stage in the tokenization potential of real-world and financial assets, anticipating a digital economy surpassing the physical. The platform integrates DeFi and CeFi, driven by AI-ML, featuring a 24x7 global 3.0 TV, 3.0 Wire, and the world's first 3.0 University.

In the LegalTech realm, QiLegal emerges as a robust cloud-based platform, aiming to digitize the legal framework. Envisaged to propel the justice system with Virtual Courts, Online Dispute Resolution, and AI-enabled Drafting, QiLegal responds to the estimated USD 100 billion global LegalTech market.

Mr. S Rajendran, Managing Director and CEO of 63 Moons Technologies Limited, emphasizes the company's commitment to transformative thinking and innovative frameworks, positioning these initiatives as crucial growth drivers for both the national and global economies.

As 63 Moons Technologies charts this path of innovation, the stock experiences a remarkable 5% upper circuit on the NSE, reaching INR 541.35 on Monday, marking a 10% gain this month. Notably, the stock has already delivered an impressive 87% return in November 2023, reflecting the market's positive response to the company's technological advancements.

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