Tanla Platforms‘ stock was stuck in a 5% higher circuit in the morning session after the business announced that its board of directors will meet on July 22, 2021, to consider a share buyback proposal. The company’s unaudited financial figures (standalone and consolidated) for the quarter ended June 30, 2021 will also be considered and approved by the board.
After declining for four days in a row, the mid-cap stock has risen. It closed at Rs 886.25, up 5% from the previous closing of Rs 844.05 on the BSE. On March 3, 2021, the stock reached a 52-week high of Rs 1,030 and a 52-week low of Rs 76. It is currently selling at a 14 percent discount to its 52-week high and a 1066 percent premium to its 52-week low.
It has returned a whopping 1,044.5% in a year and has climbed 31.5 percent since the beginning of this year. The stock outperforms the 5 day, 10 day, 20 day, 50 day, 100 day, and 200 day moving averages with a market capitalization of nearly Rs 12,000 crore.
According to MarketsMojo, the stock is currently selling at a discount to its historical average prices. The company’s price/earnings to growth ratio (PEG) is 0.1, and its EPS increased from Rs. 6.11 in March 2020 to Rs. 7.54 in March 2021. However, the stock’s technical trend has deteriorated since June 1, 2021, and it now trades in a Mildly Bullish range.
Karix Mobile, a Tanla Platforms Limited wholly-owned subsidiary, recently announced the launch of a conversational solution for Panasonic India Limited based on the WhatsApp Business Solution Platform.
Panasonic’s clients will be able to have one-on-one interactions with the company thanks to the solution. It will also allow for two-way communications and the automatic transfer of difficult consumer issues to service agents for quick and painless resolution.
“We give our enterprise customers business APIs coupled with an ecosystem of solutions to fulfil end-to-end communication requirements,” stated Deepak Goyal, Tanla Platforms Limited’s Chief Business Officer.
We’re willing to offer Panasonic our new bundle of support services via WhatsApp, which will deliver a wonderful customer experience without having to deal with crowded IVRs or sparsely staffed contact centres owing to COVID.