NEW DELHI: Shares of Tanla Solutions Ltd.
traded 4.98 per cent up in Thursday 's trade at 09:53AM (IST).Around 5401 shares changed hands on the counter.
The stock opened at Rs 66.4 and touched an intraday high and low of Rs 66.4 and Rs 66.4 , respectively, in the session so far.
The stock quoted a 52-week high of Rs 89.0 and a 52-week low of Rs 28.0 .
Tanla Solutions Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 963.03 Crore) operating in IT Software sector.
The company said its board has approved a proposal to buy back shares worth up to Rs 154 crore.
In a regulatory filing, Tanla Solutions said 1,90,12,345 equity shares will be bought back under the offer for Rs 81 per share.Key Financials The company reported consolidated sales of Rs 539.0391 crore for the quarter ended 31-Dec-2019 , 10.65 per cent from previous quarter's Rs 487.1643 crore and 91.3 per cent from the year-ago quarter's Rs 281.7761 crore.
The net profit after tax for the latest quarter stood at Rs 0.6818 crore, -93.16 per cent from the same quarter a year ago.
Shareholding pattern As of 18-Apr-2020 , domestic institutional investors held 0.0 per cent stake in the company, while foreign institutional investors held 0.03335007 per cent and the promoters 35.21044 per cent.
Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of -8.37 and a price-to-book ratio of 62.75 .A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations.
Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for 'nil' growth in the business.The stock belongs to the IT Consulting - Software - Small Cap industry.