Affle (India) Limited: An In-Depth Analysis of AFFLE.NS’s Current Market Position
Affle (India) Limited (AFFLE.NS) has seen a recent price move to INR 1685.8, marking a 1.26% increase. As a leading mobile advertising company in India, is it time to re-evaluate its market standing?
Current Market Performance
On the National Stock Exchange of India, Affle (India) Limited has gained 1.26% recently with a price of INR 1685.8. The day’s trading saw a low of INR 1664.8 and a high of INR 1690.0. Its market capitalization stands at INR 237,202 million, supported by a volume of 142,276, slightly below its average of 220,375. The stock’s 52-week range spans from INR 1246.0 to INR 2185.9, indicating significant volatility.
Fundamental Analysis
Affle displays a strong PE ratio of 56.49, driven by an EPS of 29.88. The company operates with a current ratio of 3.61, revealing solid short-term financial safety. Debt to equity is a low 0.0118, reflecting a conservative capital structure. Affle’s revenue per Share TTM of INR 175.92 and book value per share of INR 231.78 highlight a robust financial foundation.
Technical Indicators Insight
Technically, the RSI of 45.68 suggests the stock is nearing a neutral zone. The MACD histogram is at 10.15 with a slight bullish tone. ADX at 34.67 confirms a strong ongoing trend. Volatility indicators such as the ATR (45.65) and Bollinger Bands show a moderate price fluctuation environment. Analysts are observing these metrics for guidance on potential price movements.
Sector Position and Future Forecasts
Within the Communication Services sector, Affle competes as a prominent player. India’s digital marketing growth benefits Affle’s strategic positioning. Future price targets place Affle at INR 1746.43 monthly and INR 1918.74 quarterly, as per forecasts conducted by Meyka AI, an AI-powered market analysis platform. This positions Affle as a potential stock amid sector growth.
Final Thoughts
Affle (India) Limited continues to be a noteworthy entity with a strong market presence in the advertising domain. Maintaining awareness of its fundamentals, market trends, and sector dynamics can provide investors with informed perspectives. Stock prices can fluctuate based on market conditions, economic factors, and company-specific events.
FAQs
As of the latest data, Affle (India) Limited’s stock is priced at INR 1685.8 on the NSE, reflecting a recent gain of 1.26% over the previous close of INR 1664.8.
Affle’s PE ratio is 56.49, which might be considered high compared to industry standards, signifying expectations of future growth or premium valuation of the company’s earnings.
Analyst forecasts project Affle’s price to potentially reach INR 1746.43 monthly and INR 1918.74 quarterly, influenced by current market and sector trends.
Affle maintains a low debt to equity ratio of 0.0118, indicating prudent financial management with minimal reliance on debt for financing its operations.
Affle serves various sectors including telecommunication, healthcare, retail, e-commerce, and more, leveraging its mobile advertising platforms and technology solutions.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
