Tanla Platforms' Stock Price Soars 9.64% and Outperforms IT Sector

Tanla Platforms, a midcap IT software company, has seen a significant increase in its stock price on July 15th, 2024. The stock has gained 9.64% and is currently trading at Rs. 1027. This outperforms the IT software sector by 5.34%.

According to MarketsMOJO, a leading stock analysis platform, the stock call for Tanla Platforms is 'Hold'. This means that investors should hold onto their current positions in the company.

The stock opened with a gain of 2.46% today and reached an intraday high of Rs. 1027, which is a 7.81% increase from its previous close. The stock has also been highly volatile today, with an intraday volatility of 40.72%.

Tanla Platforms has been on a consecutive gain streak for the last 2 days, with a total return of 8.27% in this period. It is also trading higher than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages.

In comparison to the overall market performance, Tanla Platforms has outperformed the Sensex by a significant margin. Its 1 day performance is 9.64% compared to the Sensex's 0.16%, and its 1 month performance is 7.98% compared to the Sensex's 4.75%.

Overall, Tanla Platforms has shown strong performance in the market and is currently trading at a higher price than its moving averages. Investors should continue to monitor the stock's performance and make informed decisions based on their own research and risk tolerance.