IIFL Securities Stock Market Watch Today: Buy Affle (India) - June 26

IIFL Securities has recommended a buy call for Affle (India) with a target price of Rs 1390, representing an upside potential of approximately 3.5% from the current market price of Rs 1343.9. The company is a leading global mobile marketing company with a strong track record of growth and profitability. The recommendation is based on Affle's robust financial performance, innovative technology platform, and strong market position.

About Affle (India):

Affle (India) is a global technology company that provides mobile marketing and analytics solutions. It offers a comprehensive suite of products and services, including mobile advertising, app monetization, and data analytics. Affle's technology is used by over 2,500 brands and app developers across 60 countries. The company has a global presence with offices in India, Singapore, Indonesia, Thailand, Vietnam, Japan, South Africa, and the United Arab Emirates. Affle is listed on the National Stock Exchange of India (NSE) under the symbol "AFFLE".

52 Week Price Trend:

Affle (India) has been witnessing a steady rise in its stock price, reaching Rs 1343.9. This is close to its 52-week high of Rs 1336.9, indicating strong investor confidence. However, the stock's volatility is evident from its 52-week low of Rs 866.5, suggesting potential for both growth and downturns. Despite its recent performance, investors should carefully consider the company's fundamentals and market outlook before making investment decisions.

Stratzy's MOST Analysis:

Affle's AA- rating from Stratzy's MOST framework indicates a medium fundamental risk. This assessment is based on four pillars: management, outlook, safety, and trend. The framework evaluates each pillar and assigns a score, with A indicating low risk, B indicating medium risk, and C indicating high risk. Affle's AA- rating suggests that its management is strong, its outlook is positive, its financial position is secure, and its industry trend is favorable.

Fundamental and Technical information provided in this blog were last updated on 26 Jun, 2024

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