India's Route Mobile snaps 5-day losing streak on block deal

Route Mobile

12/04/2023 11:14

** Shares of Route Mobile Ltd  ROUT.NS  rise as much as 5.1%
to 1,277.9 rupees
    ** Stock snaps five straight sessions of losses
    ** About 608,600 shares changed hands in a single block deal
at a price of 1,239 rupees as of 3:30 p.m. IST - Refintiv data
    ** Stock posts biggest intraday pct gain in over 3 weeks
    ** Trading volume at ~1 mln shares, nearly 5x the 30-day avg
    ** Six analysts rate stock equivalent of 'buy' or 'higher';
median PT is 1,590 rupees - Refinitiv data
    ** Stock up 4.5% so far this year

 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))