Tanla shares zoom; here is the latest trigger

Tanla Platforms (TANLA) shares jumped on Wednesday after the Cloud communication provider said it had entered a commercial agreement with a bank in India for its digital platform, Wisely ATP. The stock gained by Rs 111, or 10.2 per cent, at the strongest level in intraday trade to Rs 1,198 apiece on BSE. 

At 2:10 pm, the stock held on to much of its intraday spike, trading 9.5 per cent stronger for the day at Rs 1,189.9 apiece on the bourse.

Tanla said it was its first such agreement and that it was "constrained from sharing further details due to confidentiality reasons", according to a regulatory filing during market hours on Wednesday. 

Meanwhile, Tanla Platforms said its board is scheduled to meet on January 23 to consider the company's quarterly financial results as well as an interim dividend.

The company will conduct an earnings call at 4:30 pm the next day, January 24, according to a separate filing.

(This story will be updated shortly)

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