Currently, the stock has formed a bearish engulfing candlestick pattern on the daily timeframe, which suggests that the bears have put the foot in the door.

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The company reported consolidated net sales of Rs 1749.71 crore in Q1FY21, which declined by 48.25 per cent YoY from Rs 3380.87 crore in Q1FY20.

The consolidated net sales reported in Q1FY21 came in at Rs 177.47 crore, which declined by 51.16 per cent YoY from Rs 363.37 crore in Q1FY20. 

Provisions and contingencies increased by 134 per cent YoY to Rs 3,555.77 crore in Q1FY21, as against Rs 1,519.34 crore in Q1FY20.

The company reported consolidated net sales of Rs 458.98 crore in Q1FY21, which declined by 34.07 per cent YoY from Rs 696.16 crore in Q1FY20.

The share market on Friday continued its forward march with broader markets yet again impressing investors. Sensex jumped by 214.33 points to close at 38434.72 levels, up by 0.56 per cent. Nifty closed at 11371.60 levels, up by 59.40 points or 0.53 per cent.

High dividend yield is one of the most sought-after qualities one looks at when it comes to stock picking.

On Friday, the stock of Affle India locked in at its upper circuit of 10 per cent. With this, its trading for the day halted at Rs 2,316.75, gaining by Rs 210.60 per share from its previous close.

On the back of regulated markets, the company registered a growth of 22 per cent QoQ. The company also reported healthy operating leverage with 920 bps QoQ EBITDA margin expansion.