IIFL Securities Stock Market Watch Today: Buy Affle (India)

On December 02, IIFL Securities initiated coverage on Affle (India) with a 'buy' rating and a target price of Rs 1,700, implying an upside of 2.2%. The brokerage firm cited Affle's strong market position in the mobile advertising space, its focus on emerging markets, and its innovative product offerings as key drivers for its positive outlook on the stock. IIFL Securities also noted that Affle's recent acquisition of Appnext would further strengthen its position in the mobile advertising market.

About Affle (India):

Affle (India) Limited is an Indian global technology company headquartered in Gurugram, Haryana. It provides mobile advertising solutions to brands and agencies worldwide. Affle is a provider of comprehensive mobile advertising solutions, including mobile measurement, audience targeting, mobile ad serving, and mobile engagement platforms. The company serves over 3,000 brands and agencies, with a global reach of over 2 billion active mobile devices. Affle is listed on the National Stock Exchange of India (NSE) under the symbol "AFFLE".

52 Week Price Trend:

Affle (India), a leading mobile marketing platform provider, has seen a significant rise in its stock price, currently trading at Rs 1664.1. This marks a notable appreciation from its 52-week low of Rs 866.5, indicating a positive sentiment among investors. However, the stock has not yet surpassed its 52-week high of Rs 1336.9, suggesting potential room for further growth. Affle's strong financial performance and its position in the rapidly growing digital advertising market contribute to its attractive valuation.

Stratzy's MOST Analysis:

AFFLE has been rated AA- by Stratzy's MOST framework. This rating indicates that AFFLE has a low fundamental risk. The MOST framework evaluates companies based on their management, outlook, safety, and trend. AFFLE has received a high score in each of these categories, indicating that it is a well-managed company with a strong outlook, a solid financial position, and a positive trend.

Fundamental and Technical information provided in this blog were last updated on 30 Nov, 2024

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