India's Route Mobile falls on Q1 profit drop

Route Mobile

22/07/2024 06:08

** Shares of Route Mobile  ROUT.NS  fall as much as 5.1% to
1,674.20 rupees, their lowest in nearly a month
    ** The communication platform provider's June-quarter consol
net profit fell 15%; total expenses rose ~16%
    ** ROUT on track for second straight session of losses
    ** Avg rating of five analysts covering the stock is "buy";
median PT is 1,800 rupees - LSEG data
    ** Stock last down 1.4%, cutting year to date gains to ~9% 

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))