India's Tanla Platforms hits record high after Sept-qtr profit jumps

Tanla Platforms

22/10/2021 07:01

** Shares of Indian cloud-based communications provider
 TNSL.NS  up as much as 5% to a record high at 1,063.25 rupees
in their sixth straight session of gains    
    ** TNSL marks biggest intraday pct gain since Oct. 12 
    ** Co eyes biggest weekly gain since early April
    ** Co reports https://bit.ly/3aWXmGi Sept-qtr consol profit
of 1.36 bln rupees, a 67.1% jump from a year ago
    ** TNSL's Sept-qtr consol net rev from ops of 8.42 bln
rupees, a 44% increase from a year ago
    ** "Stellar performance was contributed by higher wallet
share from existing customers and additional market share
expansion from newer clients," CEO Uday Reddy says https://bit.ly/3G9YuEY
    ** More than 99,000 shares traded by 0547 GMT, 0.7 times
their 30-day avg of over 135,000 shares 
    ** As of last close, TNSL had risen 50.3% this year vs a
48.09% rise in the Nifty IT index  .NIFTYIT 

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))