Tanla Platforms Stock Drops -6.46% and Receives 'Strong Sell' Rating from MarketsMOJO

Oct 18 2024 09:30 AM IST
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On October 18, 2024, Tanla Platforms, a midcap IT software company, saw a -6.46% decline in its stock price, leading to a 'Strong Sell' call by MarketsMojo. The stock is currently trading near its 52-week low and has underperformed the sector by -5.22%. It has also shown high volatility and is currently trading below its moving averages, indicating a bearish trend. In comparison to the overall market, Tanla Platforms has underperformed the Sensex by -6.46% in the last 1 day and -14.48% in the last 1 month. Investors and experts are advised to closely monitor the stock's performance and make informed decisions.

Tanla Platforms, a midcap IT software company, has seen a decline of -6.46% in its stock price on October 18, 2024. This has led to a 'Strong Sell' call by MarketsMOJO.

The stock is currently trading close to its 52-week low, with a difference of only 3.22%. It has also underperformed the sector by -5.22% in today's trading session. This is the second consecutive day of losses for Tanla Platforms, with a total decline of -8.2% in this period.

The stock opened today with a gap down of -4.25% and reached an intraday low of Rs 784.1, which is a significant -8.67% drop from its previous close. The stock has shown high volatility today, with an intraday volatility of 27.48% calculated from the weighted average price.

Tanla Platforms is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

In comparison to the overall market performance, Tanla Platforms has underperformed the Sensex by -6.46% in the last 1 day and -14.48% in the last 1 month.

Investors and experts are advised to closely monitor the stock's performance and make informed decisions based on their own analysis. This is not a recommendation to buy or sell the stock. The information provided is based on facts and figures and does not include any external data or sources.
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