Tanla Platforms Hits 52-Week Low Amid Persistent Bearish Trend and Sector Underperformance

Jan 28 2025 10:35 AM IST
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Tanla Platforms has seen a significant decline in its stock price, reaching a new 52-week low during intraday trading. Over the past month, the stock has dropped considerably, underperforming its sector and trading below multiple moving averages, despite maintaining a high dividend yield.
Tanla Platforms, a midcap player in the IT software industry, has experienced significant downward movement in its stock price today, declining by 5.07%. This drop marks a new 52-week low of Rs. 543.35, reached during intraday trading. Over the past five days, the stock has shown a notable decline of 17.73%, underperforming its sector by 4.34%.

The stock's performance today contrasts sharply with the broader market, as the Sensex recorded a modest gain of 0.52%. In the past month, Tanla Platforms has faced a substantial decrease of 20.07%, while the Sensex has only dipped by 3.74%.

Additionally, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent bearish trend. Despite these challenges, Tanla Platforms maintains a high dividend yield of 3.14% at the current price, which may be a point of interest for some stakeholders.
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