InvestorQ : What is the big story happening on Tanla Platforms and why has the stock been rallying so sharply in the last few weeks?
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What is the big story happening on Tanla Platforms and why has the stock been rallying so sharply in the last few weeks?

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6 months ago
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Oh yes, this Hyderabad based company has suddenly become a star but it has been in the news for quite some time. However, in the last few months, the big outperformer in the markets has been Tanla Platforms; or Tanla Solutions as it was previous known.

Believe it or not, but the stock has gained nearly 99% in just the last one month to Rs.556. Even on a day like Wednesday 25 November when the markets had corrected sharply, the stock showed strength and bounced 11% from lower levels.

Recently, when Banyan Fund had sold 15 million shares in Tanla platforms, it was lapped up by American Funds Insurance, Amansa and by the endowment of a large Ivy League University. This had resulted in further upward re-rating of the stock.

The stock has also been included in the MSCI India Domestic Small Cap index. Tanla offers Communication Platform as a Service (CPaaS) and other digital solutions. Tanla had reported 20% growth in revenues and had turned around to profits in the Sep-20 quarter. The company had also reported EBITDA margins at 16.7%.

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