Stocks to buy, Dec. 10 -- Domestic brokerage firm Anand Rathi turned bullish on Affle 3i Ltd after noting that the company's fundamentals are now aligning with its valuations following the stock's steep correction in recent months.

It has upgraded the stock to a 'Buy' rating with an unchanged target price of Rs.2,000, implying an upside potential of about 22% from the previous closing price of Rs.1,642.

Anand Rathi noted that the stock's sharp correction from recent highs was largely driven by lower-than-estimated CPCU revenue, as advertising budgets shifted from Q2 to Q3 in the US amid tariff-related uncertainty, along with a partial impact from RMG in India.

The brokerage added that it expects the full 3% RMG impact ( Rs.170-180 mill...