Tanla Share Price Tanks 7% Intraday

Tanla share price tanked by more than 7 per cent to trade at an intraday low of Rs 55.65 apiece on NSE. At 12.45 PM a total of 21,69,323 shares of the company have been traded on NSE for a total amount of Rs 1,249.75 lacs.

According to the research and analysis team of Dynamic Levels, Tanla is one of the top 500 shares filtered out of all the 1700 plus NSE shares. The company holds strong fundamentals. By strong Fundamentals we mean Tanla has not made any losses in last 2 quarters, debt equity is less than 2 (not applicable for NBFC and banks) and pledge is less than 25 per cent. These top 500 Shares are safe for investment.

Tanla Solutions founded by Uday Dasari in the year 1999, is a Hyderabad based Indian value-added services company. It is a leading provider of telecom solutions to Mobile Network Operators, Hand set Manufacturers, Content aggregators, Independent software vendors as well as Media companies globally. The company acquired Finland based mobile payments company OpenBit Oy (now called Tanla Oy) in the month of June of 2009. In June 2008, Tanla had picked up 85 per cent in the company, followed by an acquisition of 5 per cent in June 2009.

The highs and lows

52 Week High (Rs.)	63.85 (12th Dec 2016)
52 Week Low (Rs.)	26.05 (01 Mar 2016)
Life Time high (Rs.)	425.00 (08 Jan 2008)
Life Time low (Rs.)	2.40 (07 Aug 2013)

At 12.45 PM, Tanla share price was trading at Rs 55.90, down by 7.68 per cent or 4.65 points.

As of today, Tanla has a market cap of Rs 614.46 (Cr) with a book value of Rs 63.91. Owning to the strong fundamentals of the company, its Promoter holding pledged is 0.

Get the important support and resistance levels of Tanla, at Tanla share price forecast.