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Tanla Platforms, incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 9352.92 Crore) operating in IT Software sector.

The stock traded at a P/E multiple of 197.29, while the price-to-book value ratio stood at 4.96.

You know better about the market but I can say we are working to support all our businesses and in this quarter all businesses have grown well so to that to an extent the result was good.

A total of 315,143 shares changed hands on the counter till 12:42PM (IST).

Breakout above last three months range and MACD in buy mode.

Despite global concerns, the domestic market structure remains positive on the back of healthy macro data, strong earnings, and recent FIIs buying. According to Motilal Oswal, at least 6 midcap stocks can rally up to 22%.

Indian equity markets saw an increase led by banks and auto stocks, with the S&P BSE Sensex up 0.30% and the broader Nifty50 up 0.31% in early trading. However, the IT sector recorded a drop and Nifty PSU Bank fell 0.82%. Dharmesh Shah from ICICI Securities recommended buying Reliance Industries and IDFC First Bank, amongst others, for traders with a short-term horizon. The Head of Research, Technical and Derivatives at Angel One, Sameet Chavan, continued to advise traders to adopt a buy on decline strategy as the market may reach between 18,350 – 18,500.

​And so anyway, going into the end of the year, we would also look for a rally. I would say one thing. If you look at the last 10 rate hike cycles, going back to 1974 and what did the S&P do after the last rate hike of those rate hike cycles, then actually on average, it was down a tiny bit over the next month, but then it was up a little bit over the next three months

Experts predict that equity markets in India are likely to be unaffected by the outcome of the upcoming Karnataka assembly elections, despite forecasts that Congress may emerge as the largest party. The benchmark Nifty 50 has risen by over 5% since April, following strong inflows from foreign institutional investors. While projections show Congress likely to win 105 seats, with BJP winning 85, the opinion poll also predicts the market would largely remain positive. Investors are urged to focus on inflation data from India, the US and China, as well as UK GDP data and the BoE interest rate during the week.

Corporate and retail lending have boosted the growth of most banks, with a 20% growth in loan books making them outperformers. Despite rising interest rates and subdued auto ancillaries, banks have maintained their CASA ratio with deposits keeping the liability side comfortable with higher NIMs. The second key takeaway of the earning season is that commodity-consuming companies in food and industry sectors have benefited from declining commodity costs, promoting higher consumption and performance.