Upper Circuit Stock: Affle India zooms by 5 per cent after announcing a stock split

Affle India is seen outperforming markets on Thursday trading session on an intraday basis after the company announced it will be splitting its shares. The board of the company has decided to split one equity share of face value of Rs 10 each into five of face value of Rs 2 each. The record date for the subdivision of shares is set as October 8. 

Affle India is in downtrend and has slipped by more than 30 per cent from its 52-week highs, it made in March this year. Trading at Rs 4155 per share the stock is locked in upper circuit. In one month, the stock is down by 4 per cent while on YTD basis the stock is up by more than 7 per cent. 

Affle India is a technology company with a proprietary consumer intelligence platform that delivers consumer acquisitions, engagements, and transactions through relevant mobile advertising. It’s a Singapore-based company founded in 2005 and entered India in 2006.