(Image source from: finance.yahoo.com)

With the rising competition in the market, it is often hard to keep up with the stock market rise and crashes. Affle India experienced a soaring rise in their stock value by 17% up to Rs. 1476 that happened in the intra-day trade on the Bombay Stock Exchange on Wednesday following the announcement of the 14 tech patents in Singapore and US.

The stock witnessed the trading at the very highest level since its registration back on August 08, 2019 has surged for over 91% against the issue price that amounted to Rs. 745 crore.

In one of the regulatory filing, Affle India clarified in a statement on Tuesday stating, “The company has filed 4 new patent applications in Singapore in the areas of conversational marketing and vernacular and voice-based intelligence.”

The company also emphasised saying that they have decided to expand their jurisdiction of the 10 patents which were earlier filed in India to the United States as well.

In another statement, the company clarified saying, “With these filings, Affle has now built robust patent portfolio with 18 patents filed in India, USA and Singapore. It has 3 patents granted in the areas of consumer acceptable advertising in the USA while 15 patents are pending, out of which 1 is pending in the US covering partner pixelling for user identification; 10 are pending in the US and India covering various algorithms of digital fraud detection; and 4 are pending in Singapore in the areas of conversational marketing and vernacular and voice-based intelligence.”

Whether or not these changes are going to soar furthermore and take this company to the levels that no one expected it to be in is something that does require further peeping into. Affle India is a global tech company that is a consumer intelligence platform providing premium services encircling consumer engagement, acquisitions as well as transactions through the power of mobile advertising.

-Somapika