Affle (India) Ltd.
12-month target
Rs 1,962
Affle India is one of the few global companies that have products across the value chain in digital advertising. Focus on digital literacy to increase the penetration of smartphones/internet in tier-II and tier-III cities and any tax holidays/allocation of additional funds for firms that do R&D in niche areas like artificial intelligence, machine learning, cloud computing and blockchain will benefit companies like Affle India in terms of multi-year sustainable growth.
Recommendation: POSITIVE
Source: Financial Express
