Multi-bagger stock: Turns fortunes in five years, makes ₹ 1 lakh to ₹ 26 lakh
Shares of Tanala Platforms have given a return of 2532% in the last five years.The share price has increased by fifty percent in the last one year.Shares of Tanla Platforms have been bullish since July 2020.
New Delhi. The stock market has always given excellent returns to long-term investors. A few years ago some shares cost a few rupees and were called penny stocks, their prices have also increased manifold. The name of Tanla Platform stock is also included in the list of stocks that are attracting the attention of investors. This multi-bagger stock has generated a strong return of 2500% in the last five years. Five years ago in March 2019, the share price was less than Rs 40. Along with this, the share price of Tanla Platform has now reached 979.30.
Tanla Platform develops computer software. The company develops and supplies innovative technologies and products. In the third quarter of the current fiscal year, the company’s revenue has grown by 15.3 percent on a year-on-year basis. At the same time, the digital platform saw a 22% year-on-year increase in revenue. The company’s net profit also increased by 24 percent and profit after tax by 20 percent.
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Giving multi-bagger returns
Shares of Tanla Platforms have given investors a return of 2532% over the past five years. In March 2020, the price of this multi-bagger share was Rs 37.20 which has now increased to Rs 979.30. The share price has increased by fifty percent in the last one year. The 52 week high price of this share is Rs 1,317.95. At the same time, the 52-week low is Rs 493. If an investor invested Rs 1 lakh in this share five years ago and has maintained his investment till now, today his investment is worth Rs 26 lakh.
Retrieved July 2020.
Between March 2019 and June 2020, the share price ranged between Rs 40 and Rs 70. The share price had increased since July 2020. The share crossed Rs 100 in July 2020 itself and crossed Rs 200 in August 2020 as well. By December 2020, the share price had crossed Rs 800. The stock has rocketed since October 2021. 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 Rs 2000 level. The stock has since declined.
(Disclaimer: The information given here is based on share performance. As investing in stock market is subject to market risk, please consult a certified investment advisor before investing. News 18 Hindi becomes responsible for any damages you incur.)
Tags: money making tips, Multi bagger stock, Stock market, Stock tips
First Publication: March 3, 2024, 12:50 IST
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