The counter jumped 13.6% in three trading sessions from its previous closing low of Rs 3161.4 on 25 November 2020. It hit a record high of Rs 3591.25 in intraday today. The counter is up 295% from its 52-week low of Rs 908.95 recorded on 30 March 2020.

On the technical front, the stock's RSI (relative strength index) stood at 75.515. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.

The stock is trading above its 50 and 100 days simple moving average placed at 2868.39 and 2544.21 respectively. These levels will act as crucial support zones in near term.

Affle is a global technology company with a proprietary consumer intelligence platform that delivers consumer engagements, acquisitions and transactions through relevant mobile advertising.

The company's consolidated net profit jumped 73% to Rs 26.98 crore on a 59.3% rise in net sales to Rs 134.95 crore in Q2 September 2020 over Q2 September 2019.

Powered by Capital Market - Live News

Net profit of Affle India rose 73.06% to Rs 26.98 crore in the quarter ended September 2020 as against Rs 15.59 crore during the previous quarter ended September 2019. Sales rose 59.29% to Rs 134.95 crore in the quarter ended September 2020 as against Rs 84.72 crore during the previous quarter ended September 2019.

Powered by Capital Market - Live News

Affle India will hold a meeting of the Board of Directors of the Company on 7 November 2020.

Powered by Capital Market - Live News

mediasmart, Affle's self-serve mobile programmatic platform, today announced the launch of its Audience Targeting & Household Sync technology on Connected TV (CTV). Though programmatic CTV ads have been available on mediasmart for sometime, this new technology now enables brands to make CTV ads more engaging by syncing CTV ad campaigns with ads on other connected devices in the same household. They can thus make their CTV ads significantly more relevant by personalizing them for specific audiences within the household. This thus brings together the twin strengths of (a) engaging storytelling associated with TV & CTV advertising and (b) targeting and engagement associated with Programmatic & Digital advertising.

Powered by Capital Market - Live News