Shares of Tanla Platforms were in the green on Monday’s early trades in an otherwise weak market. Its shares climbed 9.12% to reach an intraday high of ₹ 682.45 apiece on the National Stock Exchange (NSE) after the company said that its board would consider and approve the financial statements and recommend final dividend, if any, for the financial year ended March 31, 2023.
Tanla Platforms is a cloud communication provider. It primarily provides application-to-person (A2P) messaging and develops and delivers technology products to meet the needs of a diverse clientele. Its products include Wisely and Trubloq.
At 11:45 AM, its shares were trading 6.88% higher at ₹ 668.00 apiece on the NSE. They gained 19.23% in the past five days.
According to an exchange filing, the company’s board of directors will hold a meeting on Wednesday, April 26, 2023, to consider and approve the audited financial results of the company for the quarter that ended March 31, 2023, In addition, it will recommend final dividend, if any, for the financial year ended March 31, 2023.
The earnings call for discussing the company’s audited financial results for the quarter and financial year ended March 31, 2023, will be held at 04:30 PM on Thursday, April 27, 2023.
Tanla Platforms is a small-cap company with a market capitalization of ₹ 8,405 crores. It has a very high return on equity of 48.00% and an ideal debt-to-equity ratio of 0.03. Its shares were trading at a price-to-earnings ratio of 18.14, which is significantly lower than the industry average, indicating that the stock might be undervalued.
Written by Simran Bafna
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