Tanla Solutions cut to size after nod for stock split

Meanwhile, the BSE Sensex was down 694.93 points, or 4.41%, to 15064.21 as the fire sale of ailing US bank Bear Stearns and the Federal Reserve's emergency cut in its discount rate intensified concerns that there could be more victims of the global credit crisis.

On BSE, 12,860 shares of the scrip were traded. The stock had an average daily volume of 15,102 shares on BSE in past one quarter.

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 2 January 2008 and a 52-week low of Rs 297.90 on 15 March 2007.

The scrip had underperformed the market in the one month to 14 March 2008, falling 11.76% as against the Sensex's 11.29% fall. It had, however, outperformed the market in the past three months, sliding 19.05% against the Sensex's 21.32% slide.

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.