Affle 3i Gets Anand Rathi's 'Buy' Upgrade On Attractive Valuation Post Recent Correction

Ahead, the brokerage expects the full ~3% RMG impact (i.e., Rs 170-180 m/quarter) to playout in Q3 (and continue till H1 FY27), partially offset by festive season in India and revival in developed markets (from ~20.2% YoY in H1 FY26), as US marketing budgets ramp-up..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Anand Rathi Report.With Affle 3i Ltd.'s optimistic of ~18-20% YoY topline growth in near-term (20%+ YoY thereafter) and post-correction valuation comfort, Anand Rathi upgrades rating to Buy with an unrevised target price of Rs 2,000 (valuing at 45x Sep’27e earnings), implying an upside of 21% from the current market price of Rs 1648. Near-term key trigger would be good inorganic acquisitions as the company has ~Rs 14.6 billion net cash on its books (H1 FY26)..Valuation Ahead, the brokerage expects the full ~3% RMG impact (i.e., Rs 170-180 m/quarter) to playout in Q3 (and continue till H1 FY27), partially offset by festive season in India and revival in developed markets (from ~20.2% YoY in H1 FY26), as US marketing budgets ramp-up. With company optimistic of ~18-20% YoY topline growth in near-term (20%+ YoY thereafter) and post-correction valuation comfort, the brokerage upgrade its rating to Buy..Key RisksAdverse changes in data protection and data privacy policy.Lower marketing spends by customers.Inability to turn around the acquired companies..Click on the attachment to read the full report:.'Buy' Cholamandalam Finance Shares Maintains Motilal Oswal On Strong Growth Outlook — Check Target Price.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Affle 3i Gets Anand Rathi's 'Buy' Upgrade On Attractive Valuation Post Recent Correction

Anand Rathi upgrades Affle 3i rating to 'Buy' and sees upto 21% potential upside from the current market price.

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