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TANLA SOLUTIONS Gains 6%; BSE IT Index Up 0.7%
Wed, 12 Jun 10:21

TANLA SOLUTIONS share price has zoomed 6% and is presently trading at Rs 978.7.

Meanwhile, the BSE IT index is at 35,635.6 (up 0.7%).

Among the top gainers in the BSE IT index today are Oracle Financial Services (up 4.8%) and INTELLECT DESIGN (up 1.8%).

ROUTE MOBILE (down 0.1%) is among the top losers today.

Over the last one year, TANLA SOLUTIONS has moved up from Rs 828.2 to Rs 978.7, registering a gain of Rs 150.5 (up 18.2%).

On the other hand, the BSE IT index has moved up from 29,076.2 to 35,635.6, registering a gain of 22.6% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 146.1%), INFIBEAM AVENUES (up 105.7%) and Birlasoft (up 100.8%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 76,942.3 (up 0.6%).

The top gainers among the BSE Sensex today are Tata Motors (up 1.4%) and HCl Tech. (up 1.4%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 23,388.5 (up 0.5%). Coal India and BPCL are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 62,724.7 to 76,942.3, registering a gain of 14,217.6 points (up 22.7%).

TANLA SOLUTIONS Financial Update...

TANLA SOLUTIONS net profit grew 8.3% YoY to Rs 1,302 million for the quarter ended March 2024, compared to a profit of Rs 1,203 million a year ago. Net sales rose 20.6% to Rs 10,055 million during the period as against Rs 8,335 million in January-March 2023.

For the year ended March 2023, TANLA SOLUTIONS reported 17.0% decrease in net profit to Rs 4,476 million compared to net profit of Rs 5,393 million during FY22. Revenue of the company grew 4.6% to Rs 33,546 million during FY23.

The current Price to earnings ratio of TANLA SOLUTIONS, based on rolling 12 month earnings, stands at 24.0.

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