Tanla Platform is in the business of cloud platform. Currently it is in Additional Surveillance Measure (ASM) - STage 2 of the exchanges and hence, not much move has been shown by the Company. In my limited understand, Tanla has show good Q2 results which are fair in comparison with the prices of stock. Its peer, route mobile also shown similar strong result.
TANLA PLATFORM Q2 : Cons. Net Profit Up 68 % at Rs 131 cr (YOY), Up 31 % (QOQ)
Revenue Up 44 % at Rs 841 cr (YOY), up 34 % (QOQ)
EBITDA up 83 % at Rs 178 cr (YOY), Up 33 % (QOQ)
As per Darvax Box System, it appears that the stock has completed its consolidation phase and now it may give a breakout. Hence, once any closing above the box then this stock can give good return in short period but be cautious and trade with SL.
TANLA PLATFORM Q2 : Cons. Net Profit Up 68 % at Rs 131 cr (YOY), Up 31 % (QOQ)
Revenue Up 44 % at Rs 841 cr (YOY), up 34 % (QOQ)
EBITDA up 83 % at Rs 178 cr (YOY), Up 33 % (QOQ)
As per Darvax Box System, it appears that the stock has completed its consolidation phase and now it may give a breakout. Hence, once any closing above the box then this stock can give good return in short period but be cautious and trade with SL.