Stock of Interest

Posted On: September 7, 2023

Stock Report: AFFLE(NSE) 06 Sep 2023

Affle India Ltd is engaged in the global technology business. The activities of the group function through two segments: the Consumer Platform and Enterprise Platform. The Consumer Platform provides services such as new consumer conversions through relevant mobile advertising; retargeting existing consumers to complete transactions for e-commerce companies through relevant mobile advertising; and an online to offline platform that converts online consumer engagement into in-store walk-ins. The Enterprise Platform provides end-to-end solutions for enterprises to enhance their engagement with mobile users. Geographically the activities are carried out throughout India. The company generates the majority of its revenue from the Consumer platform segment. 

#xCalData predicts that # AFFLE will continue its bullish phase over the next five days and trend within the range of 1093 to 1174.  

In comparison to the previous month, the price of the stock has experienced an increase of 1.44% indicating a bullish. 

The Stock has doubled thrice since 23 Aug 2019 and took an average of 0.8 years to double. 

The stock has shown seasonality trend in the past. 

Reviewing the returns for the past 4 years for the same week, we see the stock has given positive returns in all previous years. 

Majority of the technical ratios trend towards Bullish side of the spectrum. Only some of the technical indicators namely Trendline indicate Bearish view. 

Collectively, xCalData suggests the stock would be in Bullish zone for next 5 days. 

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