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This Stock Gains 718% Since March Lows

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Tanla Solutions, a small and medium scale software services firm, has turned out to be a multibagger. Amid the pandemic, the company's share on March 25, 2020 hit 52-week low of Rs. 37.10 per share on the NSE. And now in just over 6 months the stock hit an all time high of Rs. 303.50 per share on October 8, 2020.

This Stock Gains 718% Since March Lows
 

The stellar increase in the stock price of the firm is partly attributed to the company's financial performance. Revenue at the firm rose sequentially 15 percent to Rs. 455.5 crore. Net profit of the company also gained 204 percent sequentially to Rs. 78.61 crore. Also all of the company and its subsidiaries remained debt free.

This is considerable given the loss that the company posted in March quarter of Rs. 89 crore. The company has a good dividend track record and has continuously declared dividends over the last few years.

Among its peers, Take Solutions has been the top loser during the period with negative returns. The company's other peers include Nucleus Software, Majesco, R Systems among others.

GoodReturns.in

    Read more about: tanla solutions
    Story first published: Tuesday, October 13, 2020, 7:42 [IST]
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