From Rs 4 to Rs 670: Brokerages still see up to 56% upside in this multibagger stock

Produced by: Tanya Aneja
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Shares of Tanla Platforms have delivered over 15,445% to their long-term investors in the last 10 years. It has delivered over 1,700% return in the last five years

Multibagger return

However, the Tanla Platforms stock is down over 55% from its 52-week high of Rs 1,509.05, hit on April 28, 2022

Down 55% from highs

Tanla's services include product development and implementation in the wireless telephony industry, aggregator services and offshore development services. Its segments include Mobile VAS & Software Development, and Property Development

About the company

Tanla's net profit came in at Rs 120.30 crore during the quarter ended March 2023, down by 14.43 per cent on a year-on-year basis from Rs 140.60 crore during the same quarter last year

Tanla Platforms:
Q4 performance

HDFC Securities has a 'Buy' rating on the IT stock with a target price of Rs 1,050, suggesting an upside potential of more than 56%

HDFC Securities on Tanla

Yes Securities believes that Tanla is a credible play on the rising demand for CPaaS solutions across industries for achieving enhanced customer engagement.

Yes Securities on Tanla

Yes Securities has a 'Buy' rating on the IT stock with a target price of Rs 1,004 per share

Yes Securities:
Upside Potential

Shares of Tanla Platforms hit a 52-week high of Rs 1,509.05 on April 28, 2022, and a 52-week low of 506.10 on March 27, 2023

Tanla Platform on
Dalal Street

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