Latest news with #TanlaPlatforms'
Time of India
2 days ago
- Business
- Time of India
Tanla Platforms shares soar 13% as board likely to consider share buyback
Tanla Platforms' shares surged 12.8% following the announcement of a board meeting on June 16, 2025, to consider a potential equity share buyback. This move has boosted investor confidence, signaling the company's strong financial position. While the stock has seen declines over the past year, it has recently experienced significant gains in the last three months. Tired of too many ads? Remove Ads Tanla Platforms share buyback history Tired of too many ads? Remove Ads Tanla Platform share price performance Shares of Tanla Platforms soared 12.8% to hit their day's high of Rs 702 on BSE in Thursday's trade after the company announced that its board of directors will meet on June 16 to consider a proposal for the buyback of equity shares.'Pursuant to Regulation 29(1)(b) of the SEBI LODR, this is to inform that a meeting of board of directors of the Tanla Platforms Limited ('Company') will be held on Monday, June 16, 2025, inter alia, to consider the proposal for buyback of equity shares of the Company and other matters necessary and incidental thereto,' the company informed via a filing to the stock potential buyback plan has boosted investor sentiment, with market participants viewing it as a sign of the company's financial strength and commitment to enhancing shareholder value.A share buyback typically involves a company repurchasing its shares from the market, thereby reducing the number of outstanding shares and potentially increasing earnings per share (EPS). It serves as a signal of management's confidence in the company's future performance and cash to the data available on Trendlyne, Tanla Platforms had conducted two board meetings before this, to conduct a buyback of shares, in July 2021 and April the past one year, the stock has declined 27.71%, while the year-to-date (YTD) performance shows a loss of 7.57%. In the last six months, the stock is down by 1.11%.However, in the most recent three month period, the stock has gained 58.71%, and over the past one month, it has risen 40.20%.
Business Upturn
2 days ago
- Business
- Business Upturn
Why Tanla Platforms shares jump 12% sharply today? Details here
By Aman Shukla Published on June 12, 2025, 09:36 IST Tanla Platforms' stock surged more than 12% on June 12, 2025, after the company announced that its board of directors will meet on June 16 to consider a proposal for a share buyback. This marks the company's third buyback initiative in the past five years, signaling continued efforts to enhance shareholder value. As of 9:34 AM, the shares were trading 11.88% higher at Rs 696.65. The sharp rally follows an already positive trend in the stock, which has gained 25.8% over the past month, recovering from a year-to-date decline of 17.09%. The buyback proposal has boosted investor sentiment, with expectations of improved earnings per share and strengthened market confidence. Tanla has also announced the closure of its trading window for insiders until June 18, 2025, in accordance with SEBI's Prohibition of Insider Trading regulations. This move reflects the company's adherence to governance norms and highlights the importance of the upcoming board decision. Tanla Platforms shares opened at ₹670.10 and touched a high of ₹696.90 in early trade on June 12, 2025. Currently trading well above its 52-week low of ₹409.35, Tanla remains below its 52-week high of ₹1,086.45, offering potential upside. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
