This small cap stock gave 1,800% return in 9 months, tops 2020 multibagger list
The shares of this homegrown cloud communications provider delivered a massive return of 1,838 per cent over the last nine months, from its 52-week low of Rs 38 as on March 24, 2020
Chitranjan Kumar | January 6, 2021 | Updated 19:26 IST
Shares of Tanla Platforms closed 5% higher at Rs 936.6 on BSE on Wednesday
Shares of Tanla Platforms hit an upper circuit of 5 per cent at Rs 936.6 on Wednesday, extending its winning streak for the third consecutive session, after the homegrown cloud communications provider said it is set to launch a new digital platform in association with Microsoft later this month. Previously known as Tanla Solutions, the stock delivered a massive return of 1,838 per cent over the last nine months, from its 52-week low of Rs 38 as on March 24, 2020, and 878 per cent in six months. In the calendar year 2020, Tanla shares rose as much as 867 per cent, one of the highest in the small cap space. The reason behind its massive rally is robust quarterly results, inclusion into MSCI India Domestic Small Cap Index, and stake purchase by foreign investors.