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Emkay Global Financial recommended hold rating on Route Mobile with a target price of Rs 1720 in its research report dated September 12, 2023.

Hold Route Mobile; target of Rs 1720: Emkay Global Financial

Route Consolidated June 2023 Net Sales at Rs 967.34 crore, up 32.69% Y-o-Y

The stock fell 8 percent on July 17 after the announcement. Around 76 lakh Route Mobile stocks changed hands on July 17, which is 10 times more than its monthly traded average.

Route Mobile shares gain after falling 8 percent on Proximus Group acquisition

The firm said its promoter will sell around 36.41 million shares or 57.16 percent stake. Promoters are in pact with Proximus Opal SA to sell their entire shareholding at an average price of Rs 1626.40 each.

Route Mobile surges 7% in anticipation of open-offer, promoter change

Divis Laboratories continued to see healthy volumes for yet another session. It jumped 3.7 percent to Rs 3,385.8, the highest closing level since May 10 and formed long bullish candlestick pattern on the daily scale for second consecutive session.

Trade Spotlight | Your strategy for Route Mobile, Bajaj Electricals, Divi's Labs today

HDFC Securities is bullish on Route Mobile has recommended buy rating on the stock with a target price of Rs 1735 in its research report dated May 19, 2023.

Buy Route Mobile; target of Rs 1735: HDFC Securities

Route Standalone March 2023 Net Sales at Rs 129.19 crore, up 29.63% Y-o-Y

Route Consolidated March 2023 Net Sales at Rs 1,008.66 crore, up 61.11% Y-o-Y

TruSense will operate as a dedicated strategic business unit under Route Mobile (UK). It will cater to the requirement of &quot;securing digital transactions through a reliable ecosystem, enabling businesses to authenticate the end user in a frictionless way&quot;, a release said.

MWC 2023: Route Mobile launches digital identity &amp; security suite TruSense

Route mobile was also in focus, rising 1.4 percent to Rs 1,247 and formed bullish candle with long upper shadow on the daily charts, indicating some profit booking at higher levels.

Trade Spotlight: What should you do with Saregama India, Sona Comstar, Route mobile on Friday?

Route Mobile Ltd. engages in the provision of cloud-communication platform services to enterprises, over-the-top players (OTT), and mobile network operators. Its enterprise communication services include application-to-peer, peer-to-application, 2Way Messaging, rich communication services, OTT business messaging, voice, email, and omni-channel communication.The firm operates through the following geographical segments: India, Dubai, United Kingdom, and Nigeria. The company was founded on May 14, 2004 and is headquartered in Mumbai, India.

Watchers	134
52-Wk Low	1,136.20
52-Wk High	1,759.90

Market Cap	97.82B
Volume (M)	107,948.00
52-Wk High	1,759.90
52-Wk Low	1,136.20

ROUTE.NSE Route Mobile Ltd.

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