The IIFL Securities Report: Buy Affle (India) - June 11
IIFL Securities maintains a buy call on Affle (India) with a target price of Rs 1300, as of June 11. As per the brokerage firm, the stock price of the company is trading at Rs 1258. The recommendation is based on the analysis of the company's financial performance and market trends. Affle (India) is engaged in the business of providing mobile advertising solutions to brands and app developers. The company's key offerings include mobile advertising, mobile app monetization, and mobile data analytics.
About Affle (India):
Affle (India) is a global technology company that provides mobile marketing solutions. Headquartered in Gurugram, India, Affle has a presence in over 20 countries and regions. The company offers a comprehensive suite of mobile marketing solutions, including mobile advertising, app marketing, and mobile measurement. Affle's clientele includes leading brands and agencies across a wide range of industries. The company has a strong track record of innovation and has won numerous industry awards. Affle (India) is listed on the National Stock Exchange of India (NSE) and is a constituent of the Nifty Midcap 50 index.
52 Week Price Trend:
Affle (India), a leading advertising technology company, has been witnessing a surge in its share price in recent times. Currently trading at Rs 1258, the stock is nearing its 52-week high of Rs 1336.9. The company's strong performance amidst a challenging market environment is attributed to its innovative advertising solutions and expanding global presence. Notably, Affle's stock has outperformed the broader market, indicating investor confidence in its growth potential.
Stratzy's MOST Analysis:
AFFLE has been rated AA- by Stratzy's MOST framework, indicating a low fundamental risk. This rating is based on an assessment of the company's management, outlook, safety and trend. The AA- rating suggests that AFFLE has strong management, a positive outlook, a safe financial position and a positive industry trend. This indicates that AFFLE is a low-risk investment with a strong potential for growth.
Fundamental and Technical information provided in this blog were last updated on 11 Jun, 2024
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