Affle India’s shares rose 4% to Rs 4,000 on the BSE in intraday trade. On Tuesday, after the business stated that it will convene a board meeting on August 26, 2021, to examine and approve a split of the firm’s equity shares, subject to shareholder approval.
Today, the stock was up 2% at Rs 3,940, vs a 0.15 percent advance in the S&P BSE Sensex. In the last three months, the stock has underperformed the market, dropping 24% vs a 10% rise in the benchmark index. Furthermore, it has corrected 36% from its all-time high of Rs 6,287, which was reached on March 5, 2021.
