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.
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”.