Hyderabad Tech Company's Stocks Give 2500% Returns To Investors In Five Years

MindBoot

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posted on 9 months ago — updated on 1 second ago

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The surge was seen in July 2020. Between March 2019 and June 2020, the share price remained between Rs 40 and Rs 70.

The unpredictability of the stock market has always been a problem for investors. Many of the penny stocks have now converted into multi-bagger shares at NSE. One of them is Tanla Platforms. The company shares have provided strong earnings to its investors in the last five years. The volume of the stocks has also increased manifold.

In March 2019, the share price of the Tanla Platforms was below Rs 40. Today, the company is trading at Rs 975 at NSE. Tanla Platforms is a cloud communications company manufacturing company. It also develops and delivers advanced technologies and products to business companies.

In the third quarter of the current financial year, FY24, the company’s revenue has increased by 15.07 per cent from last year during the same period. Tanla Platforms shares are giving multi-bagger returns and have given 2,532 per cent profit to investors in the last five years.

From the last year, the price of this share has increased by 50 per cent. The 52-week high of this share is Rs 1,317.95 while the 52-week low price is Rs 493. If an investor had invested Rs 1 lakh in this share five years ago and has maintained his investment till now, then today the value of his investment must have become Rs 26 lakh.

The surge was seen in July 2020. Between March 2019 and June 2020, the share price remained between Rs 40 and Rs 70 but from July 2020, the share price of Tanla Platforms increased. That year, the share price crossed Rs 100 and crossed Rs 200 in August 2020.

After this, till September 2021, the stock kept trading in the range of Rs 800-900. In the next month, i.e. October, the share price of the company started increasing. In December 2021 the share price had crossed Rs 1800. In January 2022, the share touched Rs 2000. However, since then there has been a decline in the share price of the company. The share price saw a fall in returns from year to date by 10.83 per cent. On a quarterly growth basis, Tanla Platforms Ltd has generated a fall of 1.7 per cent in its net profits in the last 3 months.