Affle India Ltd. today moved out of its chartered area breaking previous 52 week highs after consolidating for more than 2 months. The Stock is already one of the multibagger IPOs we recently had. It has come out with decent numbers in Q3 as well.

The Company reported a 27% increase in revenue and 31% increase in PAT QoQ. Please go through the below excerpt from the press release for a brief insight :

The Stock managed to close well above the resistance of 1720-1740. I had bought in small quantity since the results were not announced until then, will look for a second opportunity as well if I get a chance. HOLDING WITH STRICT SL OF 5%.

Note: The Above is just a information available in public domain and therefore, should not be taken as a research report.

Registration status with SEBI:  I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations.


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