India's Route Mobile hits highest in over 2 years

Proximus NV

27/06/2024 08:42

** Shares of Route Mobile Ltd  ROUT.NS  rise as much as
15.2% to 1,894.35 rupees, its highest since Jan 17, 2022
    ** Communication platform provider says its holding co
Proximus Group and Microsoft signed a 5-year strategic
partnership for collaboration on digital communications and
cloud 
    ** Stock on track to snap two days of losses
    ** More than 2.8 mln shares traded as of 12:59 p.m. IST,
11.8x their 30-day moving avg
    ** Mean rating of all brokerages rating stock is "buy";
their median PT is 1,780 rupees, 6.4% lower than day's high -
LSEG data
    ** ROUT gained ~17.2% YTD

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))