Route Mobile hits new high at Rs 1,008

Route Mobile Ltd. on Friday hit a new 52-week high of Rs 1,008 on the NSE. The stock opened at Rs 945 and rose 4.6% in early trade.

Route Mobile Ltd. on Friday hit a new 52-week high of Rs 1,008 on the NSE. The stock opened at Rs 945 and rose 4.6% in early trade.

The cloud communications service provider posted a consolidated net profit at Rs 32.7 crore for the September 2020.

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Route Mobile had debuted in September with issue price of Rs 350 and has given a return of 25% in the week.

Rajdip Gupta, CEO & MD said, “Q2 FY21 has been another quarter of strong performance, backed by better operating leverage, despite the trying circumstances”.