IIFL Securities Stock Idea: Buy Affle (India) with Target Rs 1300

IIFL Securities has given a buy call on Affle (India) with a target price of Rs 1300. The current market price of the stock is Rs 1258. This implies an upside potential of around 3.3%. IIFL Securities is bullish on the stock due to its strong fundamentals, robust growth prospects, and attractive valuations. The company is a leading global mobile marketing platform and has a strong track record of financial performance. It has a diversified customer base and is well-positioned to benefit from the growing mobile advertising market.

About Affle (India):

Affle (India) is a global technology company that provides mobile advertising solutions. It offers a comprehensive suite of products and services, including mobile advertising, app marketing, and audience intelligence. Affle has a strong presence in the Asia-Pacific region, with offices in India, Singapore, Indonesia, Thailand, and Vietnam. It also has a presence in the Middle East and Africa. The company's clients include leading brands such as Coca-Cola, Unilever, and Nestle. Affle has a strong track record of growth and profitability. It has been profitable for the past 10 years and has grown its revenue at a CAGR of over 30% in the past 5 years.

52 Week Price Trend:

Affle (India) (NSE:AFFLE) is trading at Rs 1258, which falls within its 52-week range of Rs 866.5 to Rs 1336.9. The stock has experienced significant volatility over the past year, with its highest point being Rs 1336.9 and its lowest point being Rs 866.5. The current price represents a slight decline from its 52-week high but remains above its 52-week low. Investors should closely monitor the stock's performance and consider factors such as market conditions and company fundamentals before making any investment decisions.

Stratzy's MOST Analysis:

Affle (AFFLE) has been rated AA- by Stratzy's MOST framework, indicating a medium fundamental risk. The framework evaluates companies based on Management, Outlook, Safety, and Trend (MOST). AFFLE's rating suggests strong performance in these areas, with sound management practices, a positive outlook, robust financial stability, and an upward growth trend. This rating provides investors with confidence in the company's overall financial health and growth potential.

Fundamental and Technical information provided in this blog were last updated on 11 Jun, 2024

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