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Affle (India) is currently trading at Rs. 3746.35, up by 0.40 points or 0.01% from its previous closing of Rs. 3745.95 on the BSE.
The scrip opened at Rs. 3756.05 and has touched a high and low of Rs. 3810.95 and Rs. 3724.80 respectively. So far 1419 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4068.45 on 16-Dec-2020 and a 52 week low of Rs. 908.95 on 30-Mar-2020.
Last one week high and low of the scrip stood at Rs. 3868.00 and Rs. 3560.00 respectively. The current market cap of the company is Rs. 9534.62 crore.
The promoters holding in the company stood at 63.80%, while Institutions and Non-Institutions held 23.34% and 12.86% respectively.
Affle (India), through its wholly-owned step down subsidiary Affle MEA FZ-LLC (AMEA) (subsidiary of Affle International Pte.), has entered into a definitive Business Transfer Agreement to acquire the Business Assets of Discover Tech (registered in Israel). As part of the deal, Business Assets including the technology platform, brand name, intellectual property rights, business relationships and technical information of Discover Tech will be acquired by AMEA (Business Transfer).
This investment is strategic for Affle's consumer platform business. It is an Out of Box Experience (OOBE) technology platform offering a major consumer touch point in the mobile device lifecycle for Dynamic app discovery and recommendation at initial boot or reset of the device during its lifetime through its platform integrations with Original Equipment Manufacturers (OEMs) and Mobile Network Operators (MNOs).
It fortifies Affle's vernacular on-device consumer experiences and strengthens the ecosystem connect with advertisers, OEMs and MNOs across India, global emerging markets in general and Africa in particular. The fixed Consideration for Business Transfer is $1.15 million and maximum Success Fee (Incremental contingent consideration) is $3.37 million to be paid over a period of maximum 4 years.
Affle is a leading global technology company with a proprietary consumer intelligence platform that delivers consumer acquisitions, engagements and transactions through relevant mobile advertising.
| Company Name | CMP |
|---|---|
| Quess Corp | 566.30 |
| eClerx Services | 2190.30 |
| Info Edge | 5704.85 |
| CMS Info Systems | 443.95 |
| Affle (India) | 1142.95 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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