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Tanla Platforms in Thursday's session zoomed 13 per cent higher in early trade to the day's high price of Rs 702.05 per share on the BSE, As of writing this copy at around 9:46 am, the stock traded higher by 11.46 per cent or Rs 71.3 at Rs 693.55 per share on the BSE.

Primarily, the stock has got a push amid the buzz around share buyback announcement. The company's board meeting for the same is scheduled on June 16, 2025.

"This is to inform that a meeting of board of directors of the Tanla Platforms Limited (“Company”) will be held on Monday, June 16, 2025, inter alia, to consider the proposal for buyback of equity shares of the company and other matters necessary and incidental thereto, in accordance with the applicable provisions of the Companies Act, 2013 (including the rules and regulations framed thereunder), the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018, as amended, and other applicable laws," said the company's release.

It will be a third buyback by the company. Earlier before, the company announced buyback in 2020 and 2022.

After a share buyback worth Rs 154 crore at Rs 1,200 per share in 2020, the company's buyback size increased to Rs 170 crore with the buyback price being retained at Rs 1,200 per share.

Zee Business Managing Editor Anil Singhvi has recommended buying Tanla Platforms for a target of Rs 635, 645, 655, keeping a stop loss at Rs 616 per share.

The stock has been a laggard with a 1-year performance at -28 per cent, whie in the 3 year period it has declined by 46 per cent.

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