Shares of the Tanla Platforms jumped 21.29% in two trading sessions from its recent closing low of Rs 828.15 on 12 June 2023.

On the BSE, 8 lakh shares were traded in the counter so far compared with average daily volumes of 1.16 lakh shares in the past two weeks. The stock hit a high of Rs 1,065.85 and a low of Rs 967.4 so far during the day.

The stock hit a 52-week high of Rs 1,218.75 on 14 June 2022. The stock hit a 52-week low of Rs 506.1 on 27 March 2023. The stock had outperformed the market over the past one month, advancing 50.63% compared with 1.9% rise in the Sensex.

The scrip had outperformed the market in past three months, soaring 64.95% as against Sensex's 9.17% jump.

However, the counter had underperformed the market in past one year, sliding 12.06% as against Sensex's 19.95% surge.

On the technical front, the stock's daily RSI (relative strength index) stood at 86.563. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.

On the daily chart, the stock was trading above its 50-day, 100-day and 200-day simple moving average (SMA) placed at 703.04, 665.90 and 711.80 respectively. These levels will act as crucial support zones in near term.

Tanla Platforms, one of the world's largest CPaaS players, processes more than 800 billion interactions annually and about 63% of India's A2P SMS traffic is processed through its distributed ledger platform

Tanla Platforms' consolidated net profit slipped 14.47% to Rs 120.27 crore on 2.29% decline in revenue from operations to Rs 833.48 crore in Q4 FY23 over Q4 FY22.