The stock stood at Rs 68.05 on June 04, 2020. It has zoomed to Rs 890 today, translating into gains of 1208 percent during this period. A multibagger stock is an equity stock that gives a return of more than 100%.
Share of Tanla Platforms Limited, previously known as Tanla Solutions Ltd. has delivered more than 1200 percent returns to its shareholders in the last 12 months. The share stood at Rs 68.05 on June 04, 2020. It has zoomed to Rs 890 today, translating into gains of 1208 percent during this period. In comparison, Sensex rose 53 percent in one year.
Rupees 2 lakh invested in Tanla Platforms Limited share a year ago would have turned into Rs 26.15 lakh today.
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The stock has gained 30 percent since the beginning of this year. The company has a market cap of 12.06T Crores. TPL reported a net profit of ₹102.54 crores in the fourth quarter ended March 31, against a loss of ₹89.12 crores in the same period last year.
In June 2009 Tanla Platforms Limited acquired Finland-based mobile payments company OpenBit Oy. Tanla had started as a Bulk SMS company in 1999.
Tanla appointed Aravind Viswanathan as Chief Financial Officer effective 1st June 2021. He told ET in an exclusive interaction, that Tanla has a low Capex and high operating leverage model which enables it to generate good cash. There is a lot of room to invest in expanding the business. Mergers and acquisitions are definitely on the cards.