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TANLA SOLUTIONS Plunges 4%; BSE IT Index Down 1.8%
Fri, 18 Oct 10:36

TANLA SOLUTIONS Plunges 4%; BSE IT Index Down 1.8%Image source: Nikada/www.istockphoto.com

TANLA SOLUTIONS share price has plunged 4% and is presently trading at Rs 825.3.

Meanwhile, the BSE IT index is at 42,353.5 (down 1.8%).

Among the top losers in the BSE IT index today are LTIMINDTREE (down 5.1%) and Infosys (down 4.1%).

Wipro (up 3.6%) and Mastek (up 1.3%) are among the top gainers today.

Over the last one year, TANLA SOLUTIONS has moved down from Rs 1,067.1 to Rs 825.3, registering a loss of Rs 241.8 (down 22.7%).

On the other hand, the BSE IT index has moved up from 32,175.6 to 42,353.5, registering a gain of 31.6% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 178.8%), Firstsource Solutions (up 102.0%) and PERSISTENT SYSTEMS (up 88.9%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,780.7 (down 0.3%).

The top losers among the BSE Sensex today are Infosys (down 4.1%) and Tech Mahindra (down 2.4%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,741.6 . Infosys and ITC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,166.9 to 80,780.7, registering a gain of 14,613.8 points (up 22.1%).

TANLA SOLUTIONS Financial Update...

TANLA SOLUTIONS net profit fell 8.7% YoY to Rs 1,302 million for the quarter ended September 2024, compared to a profit of Rs 1,426 million a year ago. Net sales declined 0.8% to Rs 10,007 million during the period as against Rs 10,086 million in July-September 2023.

For the year ended March 2024, TANLA SOLUTIONS reported 22.5% increase in net profit to Rs 5,483 million compared to net profit of Rs 4,476 million during FY23. Revenue of the company grew 17.1% to Rs 39,278 million during FY24.

The current Price to earnings ratio of TANLA SOLUTIONS, based on rolling 12 month earnings, stands at 20.5.

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