Buy Tanla Platforms, target price Rs 1350: HDFC Securities

HDFC Securities has buy call on Tanla Platforms with a target price of Rs 1350. The current market price of Tanla Platforms Ltd. is Rs 1005. Time period given by analyst is one year when Tanla Platforms Ltd. price can reach defined target.

Tanla Platforms Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 13636.32 Crore) operating in IT Software sector.

Tanla Platforms Ltd. key Products/Revenue Segments include Software Services for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 857.64 Crore, down -3.53 % from last quarter Total Income of Rs 889.01 Crore and up 31.93 % from last year same quarter Total Income of Rs 650.10 Crore. Company reported net profit after tax of Rs 140.62 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 43.74 per cent stake in the company as of 31-Mar-2022, while FIIs owned 14.96 per cent, DIIs 1.54 per cent.