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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.

SCREENSHOT



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