Tanla Platforms hits 52-week high; the stock is up by 1103 per cent up from the its 52-week low

The stock of Tanla Platforms today hit the 5 per cent upper circuit and made an intraday high of Rs 457.50 per share.

The stock of Tanla Platforms has recovered by 1103 per cent from its sharp decline in March 2020. In the last six days, the company has gained nearly 30 per cent.

September quarter was the best ever quarter for the company. The growth was fueled by CPaaS and Digital revenues.

PAT was Rs 81.5 crore, which increased by 273 per cent YOY. While EPS was Rs 5.85, which increased by 279 per cent on YoY basis. ROCE was at 47.5 per cent, which increased by 177 per cent YoY.

Tanla Platforms has recently been included in the MSCI India Domestic Small Cap Index.

Tanla is a Hyderabad based company, established in 1999. It is the largest CPaaS provider, handling over 250 billion business communications annually with a market share of 70 per cent. 

It is working with all leading Telcos in India creating India’s first Telecom Blockchain Network.

At 1.09 pm today, the share of Tanla Platforms was trading at Rs 457.50 per share on BSE, up by 4.99 per cent.