India's Route Mobile jumps on rise in Q3 earnings

Route Mobile

23/01/2023 08:26

** Shares of India's Route Mobile  ROUT.NS  rise as much as
3.92% to 1,222.45 rupees, highest in over a week
    ** The uptick in share prices comes after the enterprise
communication services provider reported a rise in net income,
revenue and core profit in the third quarter. 
    ** Core profit margins also expanded to 12.68% from 10.81%
in the same period a year earlier.
    ** Co says its efforts to drive customer engagement has led
to high recurring revenue
    ** Trading volume is 352,460 shares as of 1:50 p.m. IST,
4.5x the 30-day avg: Refinitiv data
    ** Of the six analysts tracking the company, five suggest
"buy", one recommends "hold"; median TP is 1,699.60 rupees:
Refinitiv data
 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; Mobile:
+919769003463))