Tanla Platforms up 14%

Tanla Platforms is right there among the top five gainers on the BSE; the stock opened 2.5% higher at Rs.976 and rose to an intraday high at Rs.1086.05, up 14%. Its 52-week high stands at Rs.1317.70.

The stock price surged after the company announced that it has signed a commercial agreement with one of the Global Tech Major on Wisely ATP to combat scams on their messaging platform by identifying fraudulent phone numbers.

Under the partnership, Tanla's AI-driven anti-phishing solution Wisely ATP, which monitors 10-digit numbers and malicious URLs, will provide real-time signals to WhatsApp regarding potential fraud. The company did not reveal much but news is that this deal has been signed with Meta Platforms-owned WhatsApp.

The aim of this partnership is to identify fraudulent phone numbers in an attempt to boost efforts at controlling scams over its messaging platform.