Time period given by analyst is Intra Day when Affle (India) Ltd. price can reach defined target.
Affle (India) Ltd., incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 3189.63 Crore) operating in Services sector.
Affle (India) Ltd. key Products/Revenue Segments include Media Entertainment and Other Operating Revenue for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 289.93 Crore, up 75.54 % from last quarter Total Income of Rs 165.17 Crore and up 112.27 % from last year same quarter Total Income of Rs 136.59 Crore. Company reported net profit after tax of Rs 47.82 Crore in latest quarter.
Investment Rationale
The stock has broken out of the neckline of a triangle pattern on good volumes suggesting bullishness. Further, RSI has also moved above the 60 – level confirming strong upside momentum.
Promoter/FII Holdings
Promoters held 59.89 per cent stake in the company as of 30-Sep-2021, while FIIs owned 16.16 per cent, DIIs 6.39 per cent.
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