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Tanla Platforms rebounds 11% from day's low; stock zooms 98% in one month

In the past 10 trading days, the market price of Tanla Platforms has soared 58 per cent after the company said its stock has been included in MSCI India Domestic Small Cap index

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On November 17, 2020, Banyan Investments sold 15 million equity shares, representing 11 per cent of total equity capital of Tanla Platforms, for Rs 587 crore

SI Reporter Mumbai
Shares of Tanla Platforms were up 5 per cent at Rs 556, bouncing back 11 per cent from the day's low on the BSE on Wednesday, on the back of heavy volumes. The stock of the cloud communication service provider got locked in the lower circuit of 5 per cent to Rs 503 in intra-day trade today. In the past one month, the stock has zoomed 98 per cent, as compared to an 8-per cent rise in the S&P BSE Sensex.

At 02:31 pm, Tanla Platforms was trading 3.4 per cent higher at Rs 548 as compared to 1.2 per cent