Tanla Platforms shares have given a profit of 2532 percent in the last five years.The price of this share has increased by 50 percent in the last one year.Tanla Platforms shares had gained momentum since July 2020.
New Delhi. The stock market has always given great returns to long term investors. A few years ago, some shares were worth a few rupees and were called penny stocks, their price has also increased many times. The name of Tanla Platforms stock is also included in the list of stocks that have benefited investors. This multibagger stock has made a huge profit of 2500 percent in the last five years. Five years ago in March 2019, the share price was less than Rs 40. At the same time, now the price of Tanla Platforms share has gone up to 979.30.
Tanla Platforms makes computer software. The company develops and delivers advanced technology and products. In the third quarter of the current financial year, the company’s revenue grew by 15.3 percent year-on-year. At the same time, digital platform revenue saw a growth of 22 percent year-on-year. The company’s total profit also increased by 24 percent and profit after tax increased by 20 percent.
Giving multibagger returns
Tanla Platforms’ stock has given investors a profit of 2532 percent in the last five years. In March 2020, the price of this multibagger stock was Rs 37.20, which has now increased to Rs 979.30. In the last one year, the price of this stock has jumped by 50 percent. The 52-week high of this stock is Rs 1,317.95. At the same time, the 52-week low price is Rs 493. If an investor had invested one lakh rupees in this stock five years ago and has maintained his investment till now, then today the value of his investment has become Rs 26 lakh.
Gained momentum in July, 2020
Between March 2019 and June 2020, the share price remained between Rs 40 and Rs 70. The share price increased from July 2020. In July 2020 itself, the share crossed Rs 100 and in August 2020 it also crossed Rs 200. By December 2020, the share price had crossed Rs 800. From October 2021, the share became a rocket. While the share price was Rs 900 in October 2021, by December the share price had crossed Rs 1800. In January 2022, the share touched the level of Rs 2000. Since then, the share has seen a decline.
(Disclaimer: The information given here is based on the performance of the stock. Since investing in the stock market is subject to market risk, please consult a certified investment advisor before investing. News18 Hindi will not be responsible for any loss you may incur.)
Tags: Money Making Tips, Multibagger stock, Stock market, Stock tips
FIRST PUBLISHED : March 3, 2024, 12:50 IST