AFRZ Down 36 Percent From Its Peak; Sahmino's Desk Holds a Buy Call at 10,318 Rials (Tuesday, October 6, 2026)

AFRZ (Afranet, Iran Fara Bourse first market) just posted 329 percent year-on-year growth in its spring-quarter net profit, yet the stock trades about 36 percent below its one-year high. On Monday, October 5 it closed at 8,420 rials, its lowest close since May 25; today it has rallied back to the day's price-band ceiling. Sahmino's desk has held a buy call on the name since Monday's session.

Background

Afranet (AFRZ) trades in the "computers and related activities" sector on Iran Fara Bourse's first market. The stock had more than tripled from its 52-week low of 3,425 rials to a peak of 13,510 rials on August 19, 2026, then entered a corrective slide: down 17.5 percent over the past month and nearly 25 percent over three months. It logged three straight lower closes from October 3 to October 5, and Monday's session opened three percent below the prior close.

Key Numbers

Per the quarterly income statement for the three months ended June 21, 2026 (Codal tracing No. 1571537, filed July 21, 2026), AFRZ's operating revenue reached 2,494,959 million rials, up 86 percent from 1,338,092 million rials a year earlier. Operating profit rose from 190,463 to 745,046 million rials (up 291 percent), and net profit rose from 125,230 to 537,600 million rials (up 329 percent). Basic net profit per share rose from 61 to 264 rials, up about 333 percent, on an unchanged share count.

On that growth, Sahmino's own trailing-twelve-month P/E for AFRZ is 13.9, based on Monday's 8,420-rial close and TTM EPS of 605 rials. On today's exchange board (October 6), AFRZ's P/E reads 14.3 against a sector (computers and related activities) average of 9.6, meaning AFRZ trades near 50 percent above its own sector. Its current ratio is 0.75, meaning current assets still fall short of current liabilities.

Drivers

The three-session slide came with mixed retail flow: on October 3, individual investors net sold about 600,000 shares (roughly 5.4 billion rials) while institutions net bought; on October 4 and 5 that reversed, with individuals net buying roughly 2.6 and 2.8 billion rials respectively. Today the stock has climbed to the day's 8,670-rial ceiling with demand dominating the order book (bids near 8,660 rials outnumbering offers roughly eighty to one).

Sahmino's quantitative model backs the rebound: as of Monday's session it holds a 71.41 percent probability buy call on AFRZ in a "calm uptrend" regime. This is the same call type that has hit its target in 218 of 305 comparable cases (71.4 percent) in the desk's own record.

Outlook

The call's reference price is 8,420 rials (Monday's close), its target is 10,318 rials (about 21.3 percent higher) and its invalidation level is 8,405 rials, over a 15-session horizon with an estimated 1.4 percent downside. Today's live price (8,670 rials) sits above both markers, so the call remains open with roughly 19 percent left to the target from here. The main risk is the same valuation gap and the sub-1 current ratio: a return to short-term retail selling could push the stock back below the stop quickly.

Takeaway

Sahmino's desk has held a buy call on AFRZ since Monday, October 5, 2026: a target of 10,318 rials (about 21.3 percent above the 8,420-rial reference price) and an invalidation level of 8,405 rials, over a 15-session horizon. This signal type has hit its target in 218 of 305 comparable cases (71.4 percent). The call stands as long as AFRZ holds above 8,405 rials; a break below it voids the call.

What to Watch

• A clean break above 10,318 rials within the next 15 trading sessions.
• Whether individual investors keep net buying in the coming sessions.
• Afranet's summer-quarter filing, and whether the 329 percent profit growth repeats.
• AFRZ's P/E gap to its sector average; comparable desk calls can be read on Simorgh and Daroupakhsh.
• The full record of this signal type on a comparable call on Vakharazm.