Affle 3i Achieves 52-Week High Amid Strong Financial Performance and Market Momentum

Affle 3i, a prominent player in the Computers - Software & Consulting industry, has made headlines today as its stock price reached a new 52-week high of Rs. 1889.95. This milestone reflects a robust performance, with the stock outperforming its sector by 2.81%. Over the past two days, Affle 3i has shown a consecutive gain of 4.75%, indicating a strong upward momentum.
The company has demonstrated impressive financial health, highlighted by a high return on equity (ROE) of 19.46% and a remarkably low debt-to-equity ratio of 0.03 times. Affle 3i's net sales have surged at an annual growth rate of 46.68%, while operating profit has increased by 38.97%. The latest quarterly results reveal net sales peaking at Rs. 602.25 crore and an operating profit margin of 22.24%.

In the broader market context, the Sensex opened higher today, trading at 82,447.80, and is nearing its own 52-week high. Affle 3i's performance over the past year has been exceptional, with a return of 55.40%, significantly outpacing the Sensex's 7.50% gain. This strong performance, coupled with positive technical indicators, positions Affle 3i as a noteworthy stock in the current market landscape.