ICICI Direct's research report on Affle India
Affle India (Affle) is a technology platform that enables advertisers to do targeted advertising. It helps advertisers to measure the effectiveness of advertisement as it charges only when a user downloads an app or completes a transaction • As on FY22, 99.1% business comes from consumer platforms while the rest comes from enterprise platforms.
Outlook
We maintain BUY rating on the stock. We value Affle at Rs 1,350 i.e. 47x P/E on FY25E EPS.
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