Tanla Platform News Today

Tanla Platforms has surged 57 percent in the past one year, outperforming the benchmark Nifty which gained 20 percent during the period

Hyderabad, Nov 13 (IANS) Gaddam Vivekanand of Congress party is the richest candidate in the fray for November 30 election to the Telangana Assembly with declared family assets of more than Rs 600 crore.

Tanla Platforms revenue for the second quarter surged 18.5% on year to Rs 1,008.60 crore, marking the first quarter where the topline crossed the Rs 1,000-crore mark. The rise in topline was aided by a 7% growth in organic revenue and 27% in the digital platforms segment.

The company has sought 30 days to clear the spectrum payment, the company is also gearing up to clear the licence fee payment by September.

Tanla plans to end its partnership with Vodafone Idea in November this year, impacting revenue and profit.

Sectorally, buying was seen in metal, oil & gas, energy, power, and utilities, while selling was seen in banks, IT, and capital goods.Stocks in focus included names like FACT, which rose nearly 15%, Tanla Platform, which closed with gains of over 3% and Tata Communications, which rose nearly 3% on Wednesday to hit a fresh 52-week high and is up about 30% in a month.

Nifty futures on the Singapore Exchange traded 34.50 points, or 0.19 per cent, lower at 17,823, hinting at a negative start for the domestic market on Wednesday.

Data available with Ace Equity showed that as many as 17 stocks in the BSE 500 index have rallied over 50 times in the past 10 years despite volatility in the form of volatile crude oil prices, demonetisation, implementation of GST, RERA and eruption of Covid-19 pandemic, among others.

Referred to as CPaaS (Communications Platform as a Service) players, these companies play a pivotal role in the expanding digital communication genre

These four stocks multiplied investors wealth by more than 100 times between 2011-2021. Find out how