IIFL Securities's Stock Pick Today: Buy Affle (India) with Target Rs 1350

IIFL Securities has issued a buy recommendation for Affle (India) with a target price of Rs 1350, indicating a potential upside of 4.3% from the current market price of Rs 1294. The brokerage firm believes that Affle's strong foothold in the mobile advertising industry, coupled with its innovative platform and recent acquisitions, positions it well for continued growth. The company's focus on emerging markets and its expanding portfolio of solutions are also seen as key drivers for its future performance.

About Affle (India):

Affle (India) Limited is a global technology company that provides mobile advertising solutions. It offers a range of services, including mobile app advertising, in-app advertising, and mobile ad monetization. Affle operates in over 65 countries and has a team of over 900 employees. The company's clients include leading brands such as Coca-Cola, PepsiCo, and Unilever. Affle (India) is listed on the National Stock Exchange of India and has a market capitalization of over ₹2,000 crore.

52 Week Price Trend:

Affle (India) (NSE: AFFLE) currently trades at Rs 1294, hovering close to its 52-week high of Rs 1336.9. The stock has witnessed significant growth in the past year, reaching its peak in January 2023. However, it has faced some correction since then but still remains above its 52-week low of Rs 866.5. Investors are keeping a close watch on Affle's performance as the company continues to expand its presence in the digital advertising market.

Stratzy's MOST Analysis:

AFFLE has been rated AA- by Stratzy's MOST framework. This rating is based on four pillars: Management, Outlook, Safety, and Trend. AFFLE's AA- rating indicates that it has a low level of fundamental risk relative to other stocks. This is due to the company's strong management team, positive outlook, and financial stability. AFFLE's stock price has also been trending upwards, which is a sign of investor confidence.

Fundamental and Technical information provided in this blog were last updated on 22 Jun, 2024

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