Tanla Solutions slipped 7.37% to Rs 510 at 12:53 IST on BSE even as the company’s board approved splitting each equity share of Rs 2 into two shares of a face value of Rs 1.
The scrip was trading at the session’s low. It had touched a high of Rs 552 so far during the day. The stock had hit a 52-week high of Rs 820 on
The mid-cap telecom software maker has an equity capital of Rs 10 crore. Face value per share is Rs 2.
At the current price of Rs 510, the scrip trades at a PE multiple of 28.82, based on Q3 December 2007 annualised EPS of Rs 17.69.
The net profit of Tanla Solutions rose 5.03% to Rs 22.11 crore on 5.93% rise in sales to Rs 33.53 crore in Q3 December 2007 over Q2 September 2006.
The net profit rose 59.3% to Rs 22.11 crore on 56.8% rise in sales to Rs 33.53 crore in Q3 December 2007 over Q3 December 2006.
Tanla Solutions is the provider of integrated telecom infrastructure solutions and products. The company has got strong domain expertise in the non-voice mobile telephony industry. Its business is mainly targeted at the exponentially growing non-voice mobile messaging and data services market.
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