Citi assigns a "buy" rating to Affle India, setting a target price of ₹1,600 per share.

Investment bank Citi assigns a "buy" rating to Affle India, setting a target price of ₹1,600 per share based on a 48x FY26E P/E multiple. The rating reflects Citi's confidence in the company's growth potential in the ad-tech sector and its competitive positioning among Indian internet stocks. Affle India's shares surged 7% after Citi's initiation of coverage on the stock.

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