News for Affle (India) Limited (AFFLE.BO)

Indian markets closed slightly lower as gains in financial and oil & gas stocks were offset by consumer sector declines. Investors remained cautious ahead of the RBI policy meeting, with expectations of a rate cut driving interest in rate-sensitive sectors.

With all this in mind, the expectations in terms of the core EMS players, the immediate opportunity that probably comes through might be semiconductor chips, expectations in terms of more work coming through as more manufacturing is expected out of India, whether it is smartphones, whether it is LED TVs or whether it is high-end refrigerators as well.

Indian markets closed lower on Monday, dragged by metal and IT stocks. Investors are cautious ahead of the US Fed rate decision. A rise in US bond yields and a stronger dollar also impacted market sentiment. The realty sector outperformed due to expectations of a potential rate cut in 2025.

Indian stock market saw over 250 stocks reaching one-year highs, with Sensex and Nifty closing significantly higher. Swiggy reported a net loss of ₹625.5 crore for Q2FY25 but showed strong order growth.

Indian stock markets closed higher on Monday, despite disappointing Q2 GDP data. Buying in cement and auto stocks supported the indices. While the market remains positive, analysts caution against a rate cut in the short term due to inflationary pressures. The RBI's upcoming policy meeting will be crucial for market direction.

Affle India is a leading player in the mobile marketing and consumer intelligence space, offering end-to-end solutions to drive customer engagement, conversions, and ROI for businesses. The company…

Nov 11, 2024 / 04:30AM GMTOperator Ladies and gentlemen, good day, and welcome to the Affle India Limited Q2 and H1 FY25 earnings conference call hosted by Ambi

Indian benchmark indices recorded their worst session in over a month, pressured by uncertainty surrounding the US presidential election. The Nifty declined 1.27% to 23,995, and the Sensex dropped 1.18% to 78,782. Analysts suggest that the Nifty might extend its correction towards 23,650, while a decisive move above 24,100 could trigger a rally.

The controlling shareholders of smaller and mid-sized companies are reducing their stakes at levels seldom seen since the 2008 global financial crisis. Over 20 per cent of companies listed on BSE MidCap and BSE SmallCap have seen a decline in promoter holdings for five consecutive quarters, reveals data from DSP Mutual Fund, shared with Business Standard. In the latest June quarter, the figure stood at 22.6 per cent.

Aug 05, 2024 / 04:30AM GMTOperator Ladies and gentlemen, good day, and welcome to the Affle India Limited Q1 FY25 Earnings Conference Call hosted by Anand Rathi

Indian markets experienced slight declines on Monday amid allegations against SEBI chief, Madhabi Puri Buch. The Sensex fell by 57 points and Nifty by 20.5 points. Analysts indicated a weak momentum, highlighting key support and resistance levels to watch. Stocks like Divi's Labs and Equitas Small Finance Bank showed bearish trends, while others exhibited strong buying interest.

Domestic blue-chip equity indices Sensex and Nifty closed over 1% higher on Friday, led by IT stocks, as a larger-than-expected drop in U.S. unemployment claims eased recession fears in the world's largest economy.

The 30-share BSE Sensex pack rallied 1,171 points or 1.46 per cent to trade at 81,211, while the broader NSE Nifty index moved 374 points or 1.53 per cent to trade at 24,780.

Promoter Affle Holdings PTE divests 25 lakh shares of Affle (India) Ltd in a significant transaction on NSE, generating 322.5 crore. The sale, executed at 1,290 per share, reduces Affle Holdings' stake to 42.59%. The Monetary Authority of Singapore emerges as the buyer amidst Affle (India)'s 5.73% stock surge, closing at 1,364.

A short build-up was seen in 79 stocks including Indus Towers, India Cements, ABB India, Larsen & Toubro, and Deepak Nitrite.

Based on the OI percentage, 81 stocks were on the short-covering list. These include Indraprastha Gas, Britannia Industries, Dr Lal PathLabs, Mahanagar Gas, and Maruti Suzuki India.

A short build-up was seen in 74 stocks, including Vedanta, RBL Bank, Godrej Properties, L&T Finance Holdings, and Berger Paints. An increase in OI along with a fall in price points to a build-up of short positions

The Nifty Auto index was trading 0.86 per cent up at 14030.6.

Based on the OI percentage, 60 stocks were on the short-covering list. These included Oracle Financial, GNFC, Syngene International, Aarti Industries, and Pidilite Industries.