# Affle 3i (AFFLE) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/affle

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹1,573.1
- Change: -2.11%
- As of: 2026-11-06
- 1D return: -2.11%
- 5D return: +17.24%
- 1M return: +12.25%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

AFFLE is trading at ₹1599.10, positioned in the upper-middle of its 252-day range (+49.1%) and near the top of its 20-day range (+84.3%). The daily trend is established and bullish, with price holding above all key moving averages (EMA/SMA 20/50/200) and the Supertrend indicator. ADX on the daily chart reads 33.63, indicating strong directional conviction, while Plus DI (35.47) significantly exceeds Minus DI (17.03). This strength is corroborated by a recent extreme volume surge on November 2nd (+12.3% return, 31x volume ratio) and an active weekly Morning Star pattern.

However, conflicting signals exist on longer timeframes. The weekly trend remains bearish with price below the Supertrend and weak momentum (ADX 17.8), suggesting the daily rally may be a counter-trend move or early reversal. Monthly trends are also mixed, with price above the EMA but below the SMA. Risk remains elevated, with annualized volatility at +35.8% and a current drawdown of -25.5%. Immediate resistance lies at the pivot level of ₹1611.57 (0.78% above), followed by highs at ₹1659.65 and ₹1668.13. Support is found at ₹1567.33 (-1.99%). A sustained break above ₹1611.57 would validate the daily bullish structure against the weekly headwind.

- Daily trend is strongly bullish (ADX 33.63; price above all MAs and Supertrend), supported by a massive volume spike on Nov 2 (+12.3%, 31x volume) and an active weekly Morning Star pattern.
- Weekly timeframe remains bearish (price below Supertrend; ADX 17.8), creating a structural conflict where daily strength faces resistance from longer-term weakness.
- Price is near the top of its 20-day range (+84.3%) and upper-middle of its 52-week range (+49.1%), facing immediate resistance at the pivot level of ₹1611.57.
- Risk metrics show high volatility (+35.8%) and significant historical drawdown (-40.9% max); support rests at ₹1567.33.

- Morning Star
- Outside Bar
- Inside Bar
- Doji
- Bearish Engulfing Reversal

### News Context

In the seven-day window ending 3 November 2026, Affle 3i reported two material developments. On 2 November, the company signed an agreement to acquire Perion Network, a strategic expansion of its digital marketing portfolio. On 3 November, Anand Rathi issued a 'Buy' recommendation with a price target of ₹2000, though the report did not disclose the underlying financial rationale or market context for this valuation. These events represent corporate growth activity and external analyst sentiment, respectively.

- Affle 3i signed an agreement to acquire Perion Network on 2 November 2026.
- Anand Rathi issued a 'Buy' recommendation with a price target of ₹2000 on 3 November 2026.
- The broker's recommendation was issued without detailed public disclosure of the specific financial metrics or assumptions supporting the ₹2000 target.

- [Buy Affle 3i; target of Rs 2000: Anand Rathi](https://www.moneycontrol.com/news/business/stocks/buy-affle-3i-target-of-rs-2000-anand-rathi-2-14067451.html)
- [Stocks to watch: RIL, Jio Platforms, NTPC, Muthoot Finance, Bank of Baroda](https://www.business-standard.com/markets/news/stocks-to-watch-ril-jio-platforms-ntpc-muthoot-finance-bank-of-baroda-126110200060_1.html)
- [Stocks in news: Reliance Industries, Jio Platforms, M&M, CDSL, ITC, NTPC, IOCL and Hero MotoCorp](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-reliance-industries-jio-platforms-mm-cdsl-itc-ntpc-iocl-and-hero-motocorp/articleshow/135432220.cms)

### Official Filings

Affle 3i Limited disclosed a significant strategic expansion on November 1, 2026, with its wholly owned step-down subsidiary, Affle 3iL Ltd., entering a definitive agreement to acquire Perion Network Ltd. for approximately US$420 million (₹3,990 crore) in an all-cash transaction at US$11.70 per share. This acquisition aims to scale Affle’s cost-per-converted-user (CPCU) business across developed markets by integrating Perion’s capabilities in Retail Media, Connected TV (CTV), and digital out-of-home advertising. The deal is subject to regulatory approvals, including antitrust clearances, shareholder consent, and a go-shop period, with completion expected in early 2027.

Concurrently, the company reported H1 FY2027 financial results via a Shareholders’ Letter, noting consolidated revenue of ₹15.31 billion and profit after tax (PAT) of ₹2.58 billion. To address the material development, Affle cancelled its scheduled earnings conference call and hosted investor meetings on November 2, 2026, followed by further one-on-one discussions with major institutional investors like Franklin Templeton and Nippon Mutual Fund on November 3–4, 2026. Management confirmed that no unpublished price-sensitive information was shared during these interactions.

- Acquisition Terms: Affle 3iL Ltd. agreed to acquire 100% of Perion Network Ltd. for US$11.70/share, implying an equity value of ~US$420 million (~₹3,990 crore).
- Strategic Rationale: The transaction seeks to expand Affle’s CPCU business into developed markets by combining mobile marketing leadership with Perion’s presence in Retail Media, CTV, and DOOH.
- Financial Context: H1 FY2027 consolidated revenue stood at ₹15.31 billion with PAT of ₹2.58 billion; Perion reported a turnover of ₹38,341.6 million and a net loss of ₹688.5 million as of November 1, 2026.
- Regulatory Status: Completion is conditional on shareholder approval, regulatory clearances (including antitrust), and a go-shop process, with an indicative timeline of 180 days and expected closing in early 2027.

- [Affle 3i Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/AFFLE_04112026164822_IntimationofAnalystInvestorMeetings04112026.pdf)
- [Affle 3i Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17565_WebXMLFile_20261104_165606536.xml)
- [Affle 3i Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/AFFLE_03112026173418_IntimationofAnalystInvestorMeetings03112026.pdf)
- [Affle 3i Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17565_WebXMLFile_20261103_173931145.xml)
- [Affle 3i Limited has informed the Exchange that Affle 3iL Ltd. ( Affle ), wholly owned step down subsidiary of the Company has entered into a definitive merger agreement to acquire Perion Network Ltd., Israel. |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/AFFLE_01112026174902_Acquisition_announcement1.pdf)
- [Affle 3i Limited has informed the Exchange regarding a press release dated November 01, 2026, titled "Affle to acquire Perion, to scale its CPCU business across Developed markets". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/AFFLE_01112026175154_Press_Release2.pdf)
- [Affle 3i Limited has informed the Exchange about Shareholders' Letter in lieu of Earnings call |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/AFFLE_01112026175612_Shareholders_Letter_general_3.pdf)
- [Affle 3i Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/AFFLE_01112026180814_NSE_webinar_analyst_call_4.pdf)
- [Affle 3I Limited has informed the Exchange regarding Acquisition (including agreement to acquire) |SUBJECT: Acquisition (including agreement to acquire)-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_17565_WebXMLFile_20261101_181751351.xml)
- [Affle 3i Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17565_WebXMLFile_20261101_192424241.xml)

### Fundamentals

Affle 3i demonstrates a trajectory of robust top-line expansion and improving earnings quality, anchored by strong cash generation. For the first half of FY2026-27, revenue from operations rose sequentially to ₹784 crore in Q2, while net profit held steady at ₹130 crore. This stability in absolute profit despite rising expenses (₹644 crore in Q2) highlights effective cost management, with operating profit remaining resilient at ₹159 crore.

The balance sheet reflects a significant deleveraging effort. Borrowings have plummeted from ₹82 crore in Mar 2025 to just ₹5 crore as of Sep 2026, aided by the completion of capital work-in-progress (CWIP), which fell to zero. Consequently, fixed assets expanded to ₹1,589 crore, signaling operational readiness. Cash flow metrics reinforce this health: CFO/EBITDA conversion has remained high (100% in Mar 2026), and cash from financing activities turned negative (-₹43 crore), indicating debt repayment or buybacks rather than reliance on external funding.

However, working capital efficiency requires monitoring. The cash conversion cycle widened to 52 days in Mar 2026, driven primarily by a spike in working capital days to 82 days. While promoter holding remains stable (~54.9%), foreign institutional investors reduced their stake slightly to 14.6% in Sep 2026, contrasting with increased DII participation. The key checkpoint is whether the company can compress working capital days without compromising the 20%+ sales growth trend observed in recent quarters.

- Revenue grew to ₹784 crore in Q2 FY2026-27, with net profit stabilizing at ₹130 crore despite higher expenses, indicating margin resilience.
- Borrowings dropped sharply to ₹5 crore (Sep 2026) as CWIP completed, shifting focus to debt reduction and asset utilization.
- Cash conversion remains strong (CFO/EBITDA at 100% for Mar 2026), though working capital days spiked to 82 days, warranting close observation.
- Promoter holding is stable at ~54.9%, while FII stakes declined to 14.6% in Sep 2026; next focus is working capital efficiency vs. sales growth.

### Bear Case

AFFLE 3i faces significant near-term technical headwinds and elevated volatility risk. While the daily trend remains bullish, the weekly trend has turned bearish with a negative slope on both the 20-day and 50-day moving averages, suggesting intermediate-term weakness. The stock is trading at ₹1599.10, facing immediate resistance at ₹1611.57 (0.78% above), which limits upside momentum. Performance metrics indicate deterioration over longer horizons, with a year-to-date return of -10.2% and a one-year return of -12.8%. Risk indicators are pronounced: annualized volatility stands at +35.8%, and the stock is currently in a -25.5% drawdown from its peak, with a historical maximum drawdown of -40.9%. These factors highlight substantial price instability and downside risk for investors.

- Weekly trend is bearish with negative slopes on 20-day and 50-day moving averages, contrasting with daily bullish signals.
- Stock trades at ₹1599.10 with immediate resistance at ₹1611.57, limiting short-term upside.
- Year-to-date return is -10.2% and one-year return is -12.8%, reflecting medium-term underperformance.
- High annualized volatility (+35.8%) and current drawdown (-25.5%) signal elevated risk and price instability.

- [Buy Affle 3i; target of Rs 2000: Anand Rathi](https://www.moneycontrol.com/news/business/stocks/buy-affle-3i-target-of-rs-2000-anand-rathi-2-14067451.html)
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- [Affle 3i Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/AFFLE_04112026164822_IntimationofAnalystInvestorMeetings04112026.pdf)
- [Affle 3i Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17565_WebXMLFile_20261104_165606536.xml)
- [Affle 3i Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/AFFLE_03112026173418_IntimationofAnalystInvestorMeetings03112026.pdf)
- [Affle 3i Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17565_WebXMLFile_20261103_173931145.xml)
- [Affle 3i Limited has informed the Exchange that Affle 3iL Ltd. ( Affle ), wholly owned step down subsidiary of the Company has entered into a definitive merger agreement to acquire Perion Network Ltd., Israel. |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/AFFLE_01112026174902_Acquisition_announcement1.pdf)
- [Affle 3i Limited has informed the Exchange regarding a press release dated November 01, 2026, titled "Affle to acquire Perion, to scale its CPCU business across Developed markets". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/AFFLE_01112026175154_Press_Release2.pdf)
- [Affle 3i Limited has informed the Exchange about Shareholders' Letter in lieu of Earnings call |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/AFFLE_01112026175612_Shareholders_Letter_general_3.pdf)

### FAQs

**What is the key acquisition Affle 3i is pursuing, and when might it close?**

Affle 3iL Ltd., a wholly owned subsidiary, has entered a definitive agreement to acquire 100% of Perion Network Ltd. in an all-cash transaction at US$11.70 per share, implying an equity value of approximately US$420 million. Completion is expected in early 2027, subject to regulatory approvals and shareholder consent.

**How has the stock performed recently, and what are the current technical levels?**

As of November 5, 2026, the stock closed at ₹1,599.10, down -1.5% for the day but up +17.3% over the past 10 days. The daily trend is bullish with resistance near ₹1,611.57 and support at ₹1,567.33. Year-to-date returns stand at -10.2%, with an annualized volatility of +35.8%.

**What recent investor interactions have been disclosed, and was any price-sensitive information shared?**

On November 3 and 4, 2026, Affle 3i held one-on-one meetings with Franklin Templeton, Nippon Mutual Fund, Tata Mutual Fund, Edelweiss Mutual Fund, UTI Mutual Fund, and ICICI Prudential Mutual Fund. The company explicitly confirmed that no unpublished price sensitive information was shared during these discussions regarding strategy and operations.

**Are there external analyst recommendations influencing the current market view?**

Anand Rathi has issued a 'Buy' recommendation for Affle 3i, setting a price target of Rs 2,000. This represents an external opinion on valuation; investors should note that this specific advice does not detail the underlying financial rationale or market context within the provided reports.

- [Buy Affle 3i; target of Rs 2000: Anand Rathi](https://www.moneycontrol.com/news/business/stocks/buy-affle-3i-target-of-rs-2000-anand-rathi-2-14067451.html)
- [Stocks to watch: RIL, Jio Platforms, NTPC, Muthoot Finance, Bank of Baroda](https://www.business-standard.com/markets/news/stocks-to-watch-ril-jio-platforms-ntpc-muthoot-finance-bank-of-baroda-126110200060_1.html)
- [Stocks in news: Reliance Industries, Jio Platforms, M&M, CDSL, ITC, NTPC, IOCL and Hero MotoCorp](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-reliance-industries-jio-platforms-mm-cdsl-itc-ntpc-iocl-and-hero-motocorp/articleshow/135432220.cms)
- [Affle 3i Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/AFFLE_04112026164822_IntimationofAnalystInvestorMeetings04112026.pdf)
- [Affle 3i Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17565_WebXMLFile_20261104_165606536.xml)
- [Affle 3i Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/AFFLE_03112026173418_IntimationofAnalystInvestorMeetings03112026.pdf)
- [Affle 3i Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17565_WebXMLFile_20261103_173931145.xml)
- [Affle 3i Limited has informed the Exchange that Affle 3iL Ltd. ( Affle ), wholly owned step down subsidiary of the Company has entered into a definitive merger agreement to acquire Perion Network Ltd., Israel. |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/AFFLE_01112026174902_Acquisition_announcement1.pdf)
- [Affle 3i Limited has informed the Exchange regarding a press release dated November 01, 2026, titled "Affle to acquire Perion, to scale its CPCU business across Developed markets". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/AFFLE_01112026175154_Press_Release2.pdf)
- [Affle 3i Limited has informed the Exchange about Shareholders' Letter in lieu of Earnings call |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/AFFLE_01112026175612_Shareholders_Letter_general_3.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Weak Uptrend
- Pivot point: ₹1,618.7
- Risk regime: Price Risk Requires Attention

### Support levels
- 1544.25
- 1491.3140625
- 1421.69296875

### Resistance levels
- 1583.7
- 1659.6546875
- 1692.159375

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -2.11% |
| return_10 | +18.62% |
| return_1m | +8.47% |
| return_1y | -11.52% |
| return_20 | +12.25% |
| return_3m | -6.85% |
| return_5 | +17.24% |
| return_6m | +9.68% |
| return_since_start | -11.23% |
| return_ytd | -11.69% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -40.90% |
| annualized_volatility | +35.78% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Affle 3i Limited FY2026-27 Q2: Revenue rises 21% year on year

Consolidated revenue from operations increased 21.2% year on year to ₹783.6 crore in Q2 FY2026-27, while profit for the period rose 17.4% to ₹129.8 crore. Sequentially, revenue grew 4.9%, but profit increased only 1.1% as expenses rose at a similar pace. Cash and cash equivalents and equity were higher at 30 September 2026 than at 31 March 2026.

## Revenue growth and expenses

Revenue from operations rose to ₹783.6 crore from ₹747.2 crore in Q1 FY2026-27, an increase of ₹36.4 crore. Expenses increased by ₹29.8 crore, to ₹644.2 crore, or 4.8% quarter on quarter. Profit before tax consequently edged up 1.1% to ₹159.5 crore.

Compared with Q2 FY2025-26, revenue increased 21.2% from ₹646.7 crore and expenses rose 20.7% from ₹533.7 crore. Profit before tax was up 17.8% from ₹135.3 crore.

## Profit and per-share earnings

Profit for the period was ₹129.8 crore, up from ₹128.4 crore in Q1 FY2026-27 and ₹110.5 crore in Q2 FY2025-26. Tax expense was ₹29.7 crore, compared with ₹29.3 crore in the preceding quarter.

Basic earnings per share were ₹9.23, versus ₹9.13 in Q1 FY2026-27 and ₹7.88 in Q2 FY2025-26. Finance costs rose sequentially to ₹82.3 lakh from ₹67.2 lakh, but were below ₹1.17 crore a year earlier.

## Comprehensive income

Comprehensive income was ₹165.3 crore, up from ₹121.5 crore in Q1 FY2026-27 but below ₹179.8 crore in Q2 FY2025-26. It exceeded the quarter’s profit for the period of ₹129.8 crore; in Q1 FY2026-27, comprehensive income was ₹121.5 crore, below profit of ₹128.4 crore.

## Balance sheet at 30 September 2026

Total assets were ₹4,956.7 crore at 30 September 2026, compared with ₹4,421.5 crore at 31 March 2026. Equity increased to ₹4,229.4 crore from ₹3,652.2 crore, while liabilities declined to ₹727.3 crore from ₹769.3 crore.

Cash and cash equivalents rose to ₹1,754.4 crore from ₹1,207.4 crore. Current borrowings were ₹55.1 lakh and noncurrent borrowings ₹1.65 crore, down from ₹9.98 crore and ₹1.92 crore, respectively, at 31 March 2026. Goodwill increased to ₹1,131.6 crore from ₹1,112.4 crore.

Current assets stood at ₹3,070.9 crore, compared with ₹2,505.0 crore at March-end. Trade receivables increased to ₹450.4 crore from ₹385.6 crore, while trade payables declined to ₹580.2 crore from ₹593.6 crore.

## Key Takeaway

Affle’s revenue and profit were both higher year on year, but sequential growth in profit remained modest as expenses rose nearly in line with revenue. The increase in cash and equity, alongside lower borrowings, marked a stronger balance-sheet position at 30 September 2026.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q2
- As of: 2026-09-30
- Promoter holding: +54.87%
- FII holding: +14.60%
- DII holding: +19.16%
- Mutual fund holding: +15.94%
- Retail holding: +7.75%
- Promoter pledged: +0.00%

### Major reported shareholders

- AFFLE HOLDINGS PTE LTD — +40.61% (Bodies Corporate)
- AGPL PTE LTD — +14.26% (Bodies Corporate)
- GAMNAT PTE. LTD. — +4.90%
- SUNDARAM MUTUAL FUND A/C SUNDARAM SMALL CAP FUND — +2.65%
- CANARA ROBECO MUTUAL FUND A/C CANARA ROBECO CONSER — +2.63%
- UTI NIFTY 500 EXCHANGE TRADED FUND — +2.26%
- MALABAR INDIA FUND LIMITED — +2.16%
- ICICI PRUDENTIAL S&P BSE 500 ETF — +2.13%
- NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA NIF — +1.97%
- ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED — +1.86%

## Official filings

- 2026-11-06 — Generic Announcement: Affle 3i Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/AFFLE_06112026154648_IntimationofAnalystInvestorMeetings_06112026_.pdf)
- 2026-11-06 — Generic Announcement: Affle 3i Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17565_WebXMLFile_20261106_155501822.xml)
- 2026-11-04 — Generic Announcement: Affle 3i Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/AFFLE_04112026164822_IntimationofAnalystInvestorMeetings04112026.pdf)
- 2026-11-04 — Generic Announcement: Affle 3i Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17565_WebXMLFile_20261104_165606536.xml)
- 2026-11-03 — Generic Announcement: Affle 3i Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/AFFLE_03112026173418_IntimationofAnalystInvestorMeetings03112026.pdf)
- 2026-11-03 — Generic Announcement: Affle 3i Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17565_WebXMLFile_20261103_173931145.xml)
- 2026-11-01 — Generic Announcement: Affle 3i Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/AFFLE_01112026174902_Acquisition_announcement1.pdf)
- 2026-11-01 — Press Release: Affle 3i Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/AFFLE_01112026175154_Press_Release2.pdf)
- 2026-11-01 — Generic Announcement: Affle 3i Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/AFFLE_01112026175612_Shareholders_Letter_general_3.pdf)
- 2026-11-01 — Generic Announcement: Affle 3i Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/AFFLE_01112026180814_NSE_webinar_analyst_call_4.pdf)
- 2026-11-01 — Generic Announcement: Affle 3i Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_17565_WebXMLFile_20261101_181751351.xml)
- 2026-11-01 — Generic Announcement: Affle 3i Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17565_WebXMLFile_20261101_192424241.xml)
- 2026-10-31 — Generic Announcement: Affle 3i Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/AFFLE_31102026115155_NewspaperadvFR31102026.pdf)
- 2026-10-30 — Financial Results Filing: Affle 3i Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1750270_30102026064149_WEB.xml)
- 2026-10-30 — Financial Results Filing: Affle 3i Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1750275_30102026064315_WEB.xml)
- 2026-10-30 — Earnings Presentation: Affle 3i Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/AFFLE_30102026190141_EarningsPresentation_30102026.pdf)
- 2026-10-30 — Press Release: Affle 3i Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/AFFLE_30102026200135_PressRelease_30102026.pdf)
- 2026-10-28 — Generic Announcement: Affle 3i Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/AFFLE_28102026174951_EarningsConferenceCall_28102026.pdf)
- 2026-10-28 — Generic Announcement: Affle 3i Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17565_WebXMLFile_20261028_175857278.xml)
- 2026-10-27 — Generic Announcement: Affle 3i Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_17565_WebXMLFile_20261027_200340859.xml)
- 2026-10-27 — Board Meeting Notice: Affle 3i Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/AFFLE_27102026200213_BoardMeetingIntimation_27102026.pdf)
- 2026-10-27 — Board Meeting Notice: Affle 3i Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_17565_WebXMLFile_20261027_200340859.xml)
- 2026-10-26 — Shareholding Disclosure: Affle 3i Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1745817_26102026040302_WEB.xml)
- 2026-10-21 — Generic Announcement: Affle 3i Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/AFFLE_21102026121042_Allotment_intimation_warrants_conversion.pdf)
- 2026-10-21 — Generic Announcement: Affle 3i Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_17565_WebXMLFile_20261021_121351512.xml)

## News and market events

- 2026-11-03 — MONEYCONTROL: **Buy Affle 3i; target of Rs 2000: Anand Rathi** — Anand Rathi has issued a 'Buy' recommendation for Affle 3i, setting a price target of Rs 2000. The article provides this specific investment advice without detailing the underlying rationale or market context. — [Source](https://www.moneycontrol.com/news/business/stocks/buy-affle-3i-target-of-rs-2000-anand-rathi-2-14067451.html)
- 2026-11-02 — BUSINESS: **Stocks to watch: RIL, Jio Platforms, NTPC, Muthoot Finance, Bank of Baroda** — Multiple Indian listed companies reported Q2FY27 financial results showing growth in profits and revenues, including Reliance Industries, Jio Platforms, NTPC, Muthoot Finance, Bank of Baroda, PB Fintech, Coal India, CDSL, and Nazara Technologies. Additionally, Affle 3i signed an agreement to acquire Perion Network, and the CCI approved Xavier Niel's proposal to acquire a stake in Vodafone Group Plc, impacting Vodafone Idea. — [Source](https://www.business-standard.com/markets/news/stocks-to-watch-ril-jio-platforms-ntpc-muthoot-finance-bank-of-baroda-126110200060_1.html)
- 2026-11-02 — Economic Times: **Stocks in news: Reliance Industries, Jio Platforms, M&M, CDSL, ITC, NTPC, IOCL and Hero MotoCorp** — Several major Indian companies reported their quarterly earnings results, with Reliance Industries, Jio Platforms, NTPC Green Energy, CDSL, NTPC, Bank of Baroda, GAIL, Bharat Electronics, and Mahindra & Mahindra showing profit growth, while Sun Pharma reported a decline due to exceptional charges. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-reliance-industries-jio-platforms-mm-cdsl-itc-ntpc-iocl-and-hero-motocorp/articleshow/135432220.cms)
- 2026-10-22 — MONEYCONTROL: **Affle Q3 PAT seen up 18.4% YoY to Rs. 130.9 cr: ICICI Securities** — Affle Q3 PAT seen up 18.4% YoY to Rs. — [Source](https://www.moneycontrol.com/news/business/earnings/affle-q3-pat-seen-up-18-4-yoy-to-rs-130-9-cr-icici-securities-14057638.html)
- 2026-09-27 — Economic Times: **NCLAT dismisses Affle 3i's plea against insolvency of Talent Unlimited Online Services** — NCLAT has dismissed an appeal by Affle 3i Ltd concerning insolvency proceedings against Talent Unlimited Online Services Pvt Ltd. The dismissal means that Affle 3i can file a new allegation of fraudulent initiation of the insolvency process. The NCLT had already initiated corporate insolvency resolution proceedings based on a Section 7 application. Affle 3i argued that the proceedings were initiated fraudulently, but NCLAT found no substantial evidence. — [Source](https://economictimes.indiatimes.com/news/company/corporate-trends/nclat-dismisses-affle-3is-plea-against-insolvency-of-talent-unlimited-online-services/articleshow/134515994.cms)
- 2026-09-27 — The Hindu: **NCLAT dismisses Affle 3i's plea against insolvency of Talent Unlimited Online Services** — NCLAT dismisses Affle 3i’s appeal over Talent Unlimited’s CIRP, but allows fresh Section 65 fraud claim filing before NCLT. — [Source](https://www.thehindubusinessline.com/news/nclat-dismisses-affle-3is-plea-against-insolvency-of-talent-unlimited-online-services/article71515389.ece)
- 2026-09-04 — BUSINESS: **Volumes jump at HBL Engineering Ltd counter** — HBL Engineering Ltd saw volume of 127.24 lakh shares by 14:14 IST on NSE, a 20.33 fold spurt over two-week average daily volume of 6.26 lakh shares — [Source](https://www.business-standard.com/markets/capital-market-news/volumes-jump-at-hbl-engineering-ltd-counter-126090400643_1.html)
- 2026-08-24 — MONEYCONTROL: **Trade Spotlight: How should you trade ICICI Bank, Action Construction Equipment, IIFL Finance, DCB Bank, Swiggy, and others on August 24?** — Trade Spotlight, Buy Ideas,Top Buy Ideas,Top Picks,Stock Picks,Top Stock Picks,Share Tips,Share Market Tips,Stock Tips,Stock Market Tips,KFin Technologies,DLF,Affle 3i,Action Construction Equipment,IIFL Finance,Kaynes Technology India,DCB Bank,ICICI Bank,Swiggy — [Source](https://www.moneycontrol.com/news/business/markets/trade-spotlight-how-should-you-trade-icici-bank-action-construction-equipment-iifl-finance-dcb-bank-swiggy-and-others-on-august-24-14013454.html)
- 2026-08-10 — The Hindu: **Sensex today | Stock Market Live: Stock to buy today: PhysicsWallah** — Sensex, Nifty, Share Prices Live: The trend has been up for the stock of PhysicsWallah since March. While it recently witnessed a correction in price, the chart shows formation of a new base at ₹123, where the 50-day moving average coincides. We expect the scrip to witness a fresh leg of rally on the back of this. In the near-term, the stock has the potential to rally to ₹155. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-10-august-2026/article71324442.ece)

## Business profile

**Strategic vision:** Transforms advertisements into consumer recommendations using a technology platform.

### Business segments
- **Consumer Intelligence Platform:** Affle's platform utilizes AI, ML, and data analytics to deliver personalized ad delivery to consumers based on their preferences and behavior.

### Competitive strengths
- Proprietary consumer intelligence platform
- AI and ML-driven optimization for ad spending
- Performance-based revenue model (CPCU)

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/affle
Markdown representation: https://faxioms.com/stocks/affle?render=md