Tanla Solutions hits over 9-year high; stock zooms 100% in four months

Promoters D Tanjua Reddy and D Uday Kumar Reddy have increased their holding by more than 3 percentage points in the company via open market over the past one-and-half months

Tanla Solutions shares continued their upward movement, hitting an over 9-year high of Rs 67.20 per share, up 5 per cent on the BSE in an otherwise weak market. The stock was trading at its highest level since October 26, 2009.

The stock has rallied 100 per cent in the past four months, against a 12 per cent rise in the S&P BSE Sensex, soaring from Rs 33.65 on February 20 to above Rs 60 apiece.

D Tanjua Reddy and D Uday Kumar Reddy, the promoters of Tanla Solutions, have increased their holding by more than 3 percentage points in