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Affle (India) moves up on getting another patent in US

Dec-08-2023   11:20 Hrs IST

Affle (India) is currently trading at Rs. 1142.35, up by 3.85 points or 0.34% from its previous closing of Rs. 1138.50 on the BSE.

The scrip opened at Rs. 1149.70 and has touched a high and low of Rs. 1157.95 and Rs. 1130.85 respectively. So far 6420 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1206.10 on 08-Dec-2022 and a 52 week low of Rs. 875.25 on 15-May-2023.

Last one week high and low of the scrip stood at Rs. 1166.95 and Rs. 1110.15 respectively. The current market cap of the company is Rs. 16035.57 crore.

The promoters holding in the company stood at 59.89%, while Institutions and Non-Institutions held 23.93% and 16.17% respectively.

Affle (India) has been granted another patent in the US, which was filed previously. This enhances the overall granted IP portfolio of the Company. This patent provides a system for utilization of advertisement fraud data to blacklist or whitelist one or more entities. 

The patent subject area is ‘Method and system to utilize advertisement fraud data for blacklisting fraudulent entities’. This patent was granted with effect from October 31, 2023.

Affle (India) is a leading global technology company with a proprietary consumer intelligence platform that delivers consumer acquisitions, engagements and transactions through relevant mobile advertising.