Best Stocks to Buy Today : IIFL Securities's call on Affle (India)

On May 17, IIFL Securities issued a buy recommendation for Affle (India) with a target price of Rs 1185. The current market price of Affle (India) stands at Rs 1154.6, indicating a potential upside of 2.6%. This upgrade is attributed to the company's strong quarterly performance and its leadership position in the mobile advertising industry. Affle (India) has witnessed consistent growth in its top-line and bottom-line, demonstrating its resilience and adaptability amidst market headwinds. With a market capitalization of over Rs 10,000 crores, Affle (India) is poised for continued growth and expansion in the digital advertising landscape.

About Affle (India):

Affle (India) Limited provides end-to-end mobile marketing platform solutions for brands worldwide. It offers consumer acquisition, engagement, retention, and measurement solutions on mobile devices. The company's marketing solutions include cross-channel mobile advertising, mobile content, voice, and video. It serves advertisers, e-commerce, travel, lifestyle, classifieds, and healthcare industries. The company has operations in India, Southeast Asia, Middle East, North America, and Europe.

52 Week Price Trend:

Affle (India) is currently trading at Rs 1154.6, which is below its 52-week high of Rs 1336.9 but above its 52-week low of Rs 866.5. The stock has been volatile in recent months, but it has shown some signs of stability in recent weeks. Some analysts believe that the stock is undervalued at current levels and that it has the potential to appreciate in the long term. However, it is important to note that all investments carry some risk, and investors should always do their own research before making any investment decisions.

Stratzy's MOST Analysis:

Affle (AFFLE) has been awarded an AA- rating by Stratzy's MOST framework. This rating signifies a medium fundamental risk based on an assessment of the company's management, outlook, safety, and trend. Affle has demonstrated strong performance across these pillars, indicating a solid foundation and growth potential. The AA- rating suggests that AFFLE is a relatively low-risk investment with a positive outlook.

Fundamental and Technical information provided in this blog were last updated on 17 May, 2024

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