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. 2044.4. This milestone reflects a robust performance, with the stock outperforming its sector by 3.12%. Over the past two days, Affle 3i has shown a consecutive gain of 3.65%, indicating a strong upward momentum.
The stock's performance is further underscored by its trading position above key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. In the broader market context, the Sensex is also experiencing positive movement, currently trading at 83,590.78, just 2.86% shy of its own 52-week high.

Affle 3i has demonstrated impressive financial metrics, including a high return on equity (ROE) of 19.46% and a low debt-to-equity ratio, showcasing management efficiency. The company has consistently reported positive results over the last five quarters, with net sales peaking at Rs. 602.25 crore. With a remarkable annual growth rate in net sales of 46.68% and operating profit at 38.97%, Affle 3i continues to solidify its market position.