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SumanSpeaks Independent Capital Markets & Geopolitical Intelligence  |  Estd 2006 Corporate Strategy  |  AI Pivot & Power Infrastructure Reliance Power's AI Pivot (₹25.10): Rebranding, ₹9,000 Cr Capital, and a Policy Tailwind Arriving Right on Cue Four renamed subsidiaries. A ₹9,000 crore fundraise. And a state government simultaneously building the exact demand this pivot is betting on. On June 30, 2026, Reliance Power quietly filed one of the more consequential corporate-identity shifts in the Indian power sector this year. Four of its subsidiaries were renamed Reliance AI Green Power, Reliance AI Power, Reliance AI Data Control, and Reliance AI Data C — and the company formally added artificial intelligence and technology-enabled services to its business objects. This was not a data-centre announcement or a customer contract. It was...
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 Today's Call

Buy the shares of 63 Moons Technology Ltd near Rs.343/Rs.344, T: Rs.441, SL: Rs.331. 

According to The Times of India:

"Jignesh Shah, a notable figure in the tech industry, is making a significant comeback with a focus on new-age technology ventures. Recognized for his past disruptive contributions such as ODIN, MCX, and Energy Exchange, Shah is now poised to explore innovative tech businesses.

Leveraging the momentum of the current tech wave, Shah's promoted company, 63 Moons (formerly Financial Technologies), is diversifying into cybersecurity, blockchain, and legal tech sectors.

Expressing his aspirations, Shah highlighted his desire to establish India's first set of technology "decacorns," aiming for significant growth in these new ventures. Collaborating with global players like Blackberry, Resecurity, and Morphisec, 63 Moons' cybersecurity venture is making strides in introducing new products and services". 

Financials: The Net profit of 63 Moons Technologies came to Rsm8.02 crore in the quarter ended March 2024 as against net loss of Rs.23.78 crore during the previous quarter ended March 2023.

However, sales declined 66.42% to Rs.37.44 crore in the quarter ended March 2024 as against Rs.111.51 crore during the previous quarter ended March 2023.

Impressive Performance in FY24: For the full year, net profit came as Rs.222.51 crore in the year ended March 2024 as against net loss of Rs.16.31 crore during the previous year ended March 2023.

Sales rose 62.86% to Rs.471.76 crore in the year ended March 2024 as against Rs.289.68 crore during the previous year ended March 2023. Photo: Daily Mint.

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