Tanla Platforms Hits 52-Week Low Amidst Broader Market Challenges and Resilience Signs

Jan 31 2025 10:05 AM IST
share
Share Via
Tanla Platforms has reached a new 52-week low, reflecting a significant decline over the past year. Despite this, the stock showed signs of recovery today after a prolonged downturn, outperforming its sector. However, it remains below key moving averages, indicating ongoing bearish trends. The stock offers a high dividend yield.
Tanla Platforms, a midcap player in the IT software industry, has experienced significant activity today, reaching a new 52-week low of Rs. 539.25. This decline marks a notable point in the stock's performance, especially as it has underperformed the broader market over the past year, with a decrease of 46.78% compared to the Sensex's gain of 7.56%.

Despite the recent downturn, the stock has shown signs of a trend reversal today, gaining after seven consecutive days of decline. It reached an intraday high of Rs. 555.85, reflecting a 2.32% increase. Additionally, Tanla Platforms has outperformed its sector by 0.84% today, indicating some resilience amidst broader market challenges.

However, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend in the short to medium term. On a positive note, Tanla Platforms offers a high dividend yield of 3.31% at its current price, which may appeal to income-focused investors.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News