Tanla Platforms Shows Strong Short-Term Performance Amid Broader Market Gains
Tanla Platforms, a midcap player in the IT software industry, has shown notable activity today, gaining 5.54% on May 8, 2025. This performance outpaced the broader market, with the stock outperforming the Sensex by 2.95%. Over the last two days, Tanla has recorded a cumulative return of 4.21%, indicating a positive short-term trend.The stock reached an intraday high of Rs 497.85, reflecting a 3.96% increase during the trading session. In terms of moving averages, Tanla Platforms is currently above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day averages. The company also boasts a high dividend yield of 3.76% at its current price.
In the broader market context, the Sensex opened higher at 80,912.34, gaining 165.56 points, and is currently trading at 80,757.03. The index has experienced a three-week consecutive rise, gaining 7.45% during this period, while small-cap stocks are leading the market with a 1.35% increase today.
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