Tanla Platforms Hits New Low Amid Sustained Bearish Momentum in IT Sector

Feb 28 2025 09:36 AM IST
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Tanla Platforms has reached a new 52-week low, continuing a downward trend with a 10.68% decline over the past five days. The stock is trading below all major moving averages and has experienced a significant year-over-year drop, contrasting with the overall performance of the Sensex.
Tanla Platforms, a midcap player in the IT software industry, has experienced significant activity today, reaching a new 52-week low of Rs. 445.6. This decline marks a continuation of a downward trend, with the stock losing ground for the past five consecutive days, resulting in a total drop of 10.68% during this period.

Today's performance aligns with sector trends, as the stock touched an intraday low of Rs. 445.6, reflecting a decrease of 3.08%. Notably, Tanla Platforms is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained bearish momentum.

Over the past year, Tanla Platforms has faced challenges, with a performance decline of 56.11%, contrasting sharply with the Sensex, which has seen a modest gain of 2.02%. These metrics highlight the ongoing struggles of the company within the competitive landscape of the IT software sector.
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