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Research weekly picks Weekly Picks 29th July 2024

Weekly Picks 29th July 2024

Written by - Fisdom Research

July 28, 2024 6 minutes

1. AFFLE LTP 1,460

CounterAFFLE LTP 1,460
CallBuy on dip
Target 11,600
Target 21,670
Stop Loss1,314 (Closing Basis)
Time Horizon2-3 weeks

Affle India Ltd operates in the global technology sector through two main segments: the Consumer Platform and the Enterprise Platform. The Consumer Platform focuses on driving new consumer acquisitions via targeted mobile advertising, retargeting existing consumers to boost e-commerce transactions, and converting online engagement into in-store visits. The Enterprise Platform delivers comprehensive solutions to help enterprises enhance their engagement with mobile users. The company’s activities are primarily based in India, with the majority of its revenue generated from the Consumer Platform segment.

Previous Close1,433.85TTM EPS21.20
52 Week High1,488.55TTM PE68.88
52 Week Low988.15P/B23.43
Sector PE34.88Mkt Cap (Rs. Cr.)20,479
(Source: Moneycontrol, BSE, Fisdom Research)

Technical Outlook

C:\Users\rpatil\Desktop\1-Affle (india) Limited.jpeg

(Source: Fisdom research)

  • AFFLE has given a rectangle pattern breakout and closed above the resistance zone with above-average volumes. After a two-year consolidation, Counter has sustained above the 1400 mark.
  • The RSI (14) momentum indicator is above the 55 level and in a higher low formation, suggesting an overall optimistic outlook for the stock.
  • On the daily and weekly charts, the counter is trading above the main EMA, which validates the bullish view.
  • An overall optimistic outlook on the counter is indicated by the positive crossover of the MACD on the weekly chart, which is above the polarity.
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2. CAMPUS ACTIVEWARE LTP 310

CounterCAMPUS ACTIVEWARE LTP 310
CallBuy on dip
Target 1340
Target 2355
Stop Loss279 (Closing Basis)
Time Horizon2-3 weeks

Campus Activewear Ltd is a sports and athleisure footwear brand specializing in a diverse range of products including running shoes, walking shoes, casual shoes, floaters, slippers, flip flops, and sandals. These are offered in various colors and styles at affordable prices. The company operates as a single segment focused on Footwear and Accessories and has a presence both within India and internationally.

Previous Close308.95TTM EPS2.93
52 Week High338.90TTM PE106.13
52 Week Low213.00P/B14.56
Sector PE84.00Mkt Cap (Rs. Cr.)9,493
(Source: Moneycontrol, BSE, Fisdom Research)

Technical Outlook

C:\Users\rpatil\Desktop\1-Campus Activewear Limited.jpg

(Source: Fisdom research)

  • On the weekly chart, Campus Activewear has confirmed an Inverted Head and Shoulders pattern breakout. The counter’s higher low formation supports the optimistic view. 
  • With the RSI (14) momentum indicator above the 55 mark and in a higher low formation, the stock’s prognosis appears to be generally positive. 
  • The weekly chart shows a shift in trend upward with the 10 and 20 EMA crossing and the 10 and 50 EMA crossover.
  • The positive crossover of the MACD on the weekly chart, which is above the polarity, suggests an overall positive view for the counter.
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