AFFLE-Fresh Breakout with Strong Fundamentals

Technical View:

• Trading above all key moving averages, showing clear strength.
  
• Stock has almost closed at a new all-time high, confirming bullish momentum.
  
• Recently broke out of a base formation on the weekly chart, supported by volume.
  
• Relative strength vs Nifty is positive, confirming outperformance.
  
• Currently around 7% above 50DMA and 21% above 200DMA, indicating strong trend continuation.
  

Fundamental View:

• Revenue (TTM): ₹2,367.55 Cr, growing at 24% annually – exceptional growth trajectory.
  
• Pre-tax margin: 21% – very healthy for the sector.
  
• ROE: 12% – solid return on equity.
  
• Debt-free company with a strong balance sheet, ensuring resilience across market cycles.
  
• Stable earnings growth driven by digital advertising expansion.
  

Conclusion:
Affle combines technical breakout strength with robust fundamentals. With a debt-free balance sheet and double-digit growth, it remains a strong candidate for medium-to-long term investors.