Affle India rises most in 3 weeks on strong quarterly results

Affle 3i

09/11/2022 07:40

** Shares of technology co Affle (India) Ltd  AFFL.NS  rise
as much as 2.6% to 1,183.15 rupees, their biggest intraday pct
gain since Oct 6 
    ** Stock touches its highest level since Nov 7 
    ** Co on Monday reported its second-quarter results for the
period ended on Sept 30
    ** Consolidated net profit rose 23.2% to 586.8 mln rupees
($7.20 mln)  urn:newsml:reuters.com:*:nFWN32204X
    ** Total income rose 26.7% to 3.67 bln rupees 
    ** More than 227,332 shares were traded vs the 30-day moving
avg of 187,450 shares 
    ** Eight of 9 brokerages rate the stock "buy" or higher, one
rates it as "hold"; their median PT is 1,386.5 rupees -
Refinitiv data
    ** As of last close, AFFL stock up 2.3% YTD 
    ($1 = 81.4450 Indian rupees)
 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))