Stock Market Rally: Tanla, Zomato, BSE Among Top Gainers – Key Trading Insights

Tanla Platforms surged 22% in two days, indicating a potential trend reversal, with a breakout above ₹550 possibly confirming further gains. BSE Ltd. rebounded after a dip, facing resistance at ₹4,725, while Zomato gained 12% in three sessions, with resistance at ₹248 and key support at ₹218. Mazagon Dock broke out on daily charts, and if it sustains above ₹2,675, it may reach ₹2,850. GR Infraprojects rallied 14%, breaking its 20-day moving average, with a target of ₹1,270.

The broader market remains strong, with the Nifty 500 rising 3.1% over three sessions. Trading volumes for Tanla Platforms spiked, reflecting renewed investor interest, though its financials show mixed results, with annual revenue growth but a dip in quarterly profits. Despite the BSE IT index declining 1.4%, Tanla rose 8%, standing out in the IT sector. Key support levels for Tanla lie between ₹450-₹420, with resistance at ₹550. Investors should closely monitor resistance levels before making trading decisions, as the overall stock market remains bullish, with breakout patterns in multiple stocks.

Stock Market Rally: Tanla, Zomato, BSE Among Top Gainers – Key Trading Insights

Tanla Platforms Ltd has experienced a significant surge in its stock price over the past two trading sessions, rising by 16.48% on Wednesday to reach ₹517. This marks a total increase of 22.30% in just two days. Trading volume also spiked, with approximately 7.95 lakh shares traded, significantly higher than the two-week average of 49,000 shares. The stock’s turnover stood at ₹39.52 crore, bringing the company’s market capitalization to ₹6,925.39 crore.

Technical Indicators and Expert Insights

Currently, the stock is trading above its 5-day, 10-day, 20-day, and 30-day simple moving averages (SMAs) but remains below its 50-day, 100-day, 150-day, and 200-day SMAs.

Expert Opinions:

• Kranthi Bathini, Director at WealthMills Securities, noted that the stock has experienced a sharp decline recently. While a rebound is anticipated, he suggests it is suitable only for high-risk investors.
• Osho Krishan, Senior Analyst at Angel One, believes the stock may be in the early stages of a trend reversal. He identifies key support levels between ₹450-₹420, with a break above ₹550 potentially indicating further upward momentum.

Key Metrics and Company Overview

• 14-day RSI (Relative Strength Index): 57.02 (indicating neither overbought nor oversold conditions)
• P/E Ratio: 35.33
• P/B Value: 11.58
• Earnings per Share (EPS): ₹14.59
• Return on Equity (ROE): 32.77%
• Beta (Volatility Indicator): 1.1 (indicating high volatility)

Tanla Platforms, formerly known as Tanla Solutions, operates in the A2P (Application-to-Person) messaging sector, offering services such as wireless telephony solutions, aggregator services, and offshore development. As of December 2024, the company’s promoters held a 44.10% stake.

Market Performance

Despite the recent rally, experts remain cautious, uncertain whether this surge marks the beginning of a long-term recovery or just a short-term bounce. A break above ₹550 could confirm an uptrend, while ₹450-₹420 may serve as a support zone.

IT Sector Trends

While Tanla Platforms surged by 8% on Wednesday to reach ₹495.3, the broader BSE IT Index declined by 1.4% to 35,409.4.

Top IT Sector Gainers:

• Intellect Design: +4.1%
• Firstsource Solutions: +2.6%

Top IT Sector Losers:

• Mastek: -5.4%
• LTIMindtree: -2.2%

Stock Performance Over the Past Year

Tanla Platforms has declined by 41.4% over the past 12 months, falling from ₹844.6 to ₹495.3. During the same period, the BSE IT Index dropped by 5.2%. Other major losers in the IT index include Sonata Software (-52.3%) and Birlasoft (-45.5%).

Broader Market Overview

• BSE Sensex: 75,373.1 (+0.1%)
• Top Gainers: Zomato (+3%), Tata Steel (+2.5%)
• NSE Nifty: 22,864.1 (+0.1%)
• Top Gainers: Shriram Transport, Tata Steel

Tanla’s Financial Performance

Quarterly Performance (Oct-Dec 2024):

• Net profit fell by 15.4% YoY to ₹1,185 million (from ₹1,401 million).
• Revenue slightly dipped by 0.2% to ₹10,004 million.

Annual Performance (FY24):

• Net profit grew by 22.5% to ₹5,483 million.
• Revenue increased by 17.1% to ₹39,278 million.

Valuation:

• P/E Ratio: 12.8 (based on the last 12 months’ earnings).

Trading Strategies for Key Stocks

1. BSE Ltd.
   • Current Price: ₹4,349
   • Upside Potential: 16.6%
   • Support Levels: ₹4,170, ₹4,035
   • Resistance Levels: ₹4,380, ₹4,565, ₹4,725
2. Zomato
   • Current Price: ₹225.50
   • Upside Potential: 10%
   • Support Levels: ₹218, ₹208
   • Resistance Levels: ₹230.75, ₹237, ₹240
3. Mazagon Dock Shipbuilders
   • Current Price: ₹2,467
   • Upside Potential: 15.5%
   • Support Level: ₹2,375
   • Resistance Levels: ₹2,530, ₹2,675
4. Tanla Platforms
   • Current Price: ₹515
   • Upside Potential: 23.7%
   • Support Levels: ₹493, ₹463
   • Resistance Levels: ₹531, ₹585
5. GR Infraprojects
   • Current Price: ₹1,068
   • Upside Potential: 18.9%
   • Support Level: ₹985
   • Resistance Levels: ₹1,070, ₹1,110, ₹1,160

The stock market remains bullish, with multiple stocks showing strong breakout patterns. Tanla Platforms, BSE Ltd., Zomato, Mazagon Dock, and GR Infraprojects all exhibit significant upside potential, making them stocks to watch in the coming days. However, investors should closely monitor key support and resistance levels before making any trading decisions.