1400% Surge! Stock Soars After Secret WhatsApp Deal (Experts Explain Why)

Tanla Platforms jumps 11.8% after inking a deal with a tech giant (rumored to be WhatsApp) to fight scams. Their AI tool, Wisely ATP, will sniff out suspicious phone numbers, protecting users from fraud. This follows a rough six months for the stock, but a whopping 1400% gain in five years!

CONTENTS: 1400% Surge! Stock Soars After Secret WhatsApp Deal

Tanla Platforms saw its shares rise by over 13% to Rs 1,080 during Monday’s trading on the BSE following the announcement of a significant commercial agreement. The company, in its exchange filing, revealed it had partnered with a global tech giant via Wisely ATP to combat scams by identifying fraudulent phone numbers on the tech giant’s messaging platform.

Although the specific tech giant was not disclosed in the filing, sources close to the companies informed ET that Meta Platforms, owner of WhatsApp, has indeed collaborated with Tanla Platforms. This partnership aims to enhance efforts in detecting fraudulent phone numbers, thereby bolstering measures against scams on WhatsApp.

The partnership between Tanla Platforms and Meta Platforms-owned WhatsApp focuses on leveraging external signals to proactively detect and prevent scams on the encrypted messaging platform. Despite WhatsApp’s end-to-end encryption, external sources such as banking and telecom channels can provide crucial insights to identify potential scam accounts and preemptively remove them to protect users from fraudulent messages and links.

Tanla’s AI-driven anti-phishing solution, Wisely ATP, plays a pivotal role in this collaboration by gathering intelligence on suspicious phone numbers and URLs. It will share real-time signals with WhatsApp, which will then conduct its own assessments before taking action, ensuring user safety without compromising privacy.

This initiative aligns with regulatory mandates, such as the telecom regulator’s directive from June 13, 2023, which requires telecom companies to deploy AI and machine learning solutions to detect suspicious SMS senders.

Stock Up After Partnership

As of 9:58 am, the stock was trading 11.8% higher at Rs 1,065 on the BSE. Over the past six months, the stock has declined by more than 10%. In contrast, it has shown modest growth of 18% over the last two years, but notably surged by over 1400% in the past five years.

Currently, the stock’s relative strength index (RSI) stands at 54.8. According to Trendlyne data, an RSI below 30 indicates oversold conditions, while above 70 suggests overbought conditions. Additionally, the stock is trading above its 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day simple moving averages (SMAs).