Affle (India) rises on Q2 profit climb

Affle 3i

06/11/2023 06:54

** Shares of Affle (India)  AFFL.NS  up as much as 2.1% to
1,084.95 rupees 
    ** Technology firm posted a ~14% YoY rise in Sept-qtr consol
net profit; rev from ops rises ~22% YoY
    ** Growth in rev driven by existing and new customers across
India and global emerging markets - co 
    ** Seven of the 10 analysts rate the stock "buy" or "strong
buy", two rate it "hold", while one rates it "strong sell";
median PT is 1,260 rupees - LSEG data
    ** As of last close, stock down ~2% YTD
    

 (Reporting by Kashish Tandon in Bengaluru)
 ((kashish.tandon@thomsonreuters.com))