Affle 3i Shows Strong Financial Performance and Bullish Market Sentiment

Affle 3i, a prominent player in the Computers - Software & Consulting industry, has recently undergone an adjustment in its evaluation. This revision reflects a shift in the technical trend, moving from a mildly bullish stance to a bullish outlook. The stock's technical indicators, including MACD and Bollinger Bands, are currently positioned in a bullish range, suggesting a favorable market sentiment. In terms of performance, Affle 3i has demonstrated notable resilience, with a one-year return of 53.88%, significantly outperforming the BSE 500 index. The company has also reported a robust financial performance in the latest quarter, achieving record net sales of Rs 602.25 crore and an operating profit margin of 22.24%. Affle 3i's management efficiency is underscored by a high return on equity (ROE) of 19.46% and a low debt-to-equity ratio of 0.03 times, indicating strong financial health. Additionally, the stock has shown consistent growth, with net sales increasing at an annual rate of 46.68% and operating profit at 38.97%. With high institutional holdings at 31.4%, Affle 3i continues to attract attention for its solid fundamentals and market performance. Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.