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Route Mobile is currently trading at Rs. 1225.45, up by 37.90 points or 3.19% from its previous closing of Rs. 1187.55 on the BSE.

The scrip opened at Rs. 1205.80 and has touched a high and low of Rs. 1246.70 and Rs. 1205.80 respectively. So far 4007 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1935.00 on 12-Jan-2022 and a 52 week low of Rs. 1052.60 on 23-Jun-2022.

Last one week high and low of the scrip stood at Rs. 1246.70 and Rs. 1182.40 respectively. The current market cap of the company is Rs. 7399.81 crore.

The promoters holding in the company stood at 58.56%, while Institutions and Non-Institutions held 28.50% and 12.94% respectively.

Route Mobile has signed an exclusive SMS firewall solution and connectivity service agreement with a leading Mobile Network Operator (MNO) in Sri Lanka to provide an end-to-end A2P monetization suite for all international A2P SMS’ terminating on its network. Under the terms of the agreement, Route Mobile will serve as the exclusive partner of the MNO for a duration of 2 years, as the company looks to strengthen its market position and increase its presence in Sri Lanka.

As part of the exclusive engagement, Route Mobile will provide its comprehensive real-time AI/ML based A2P SMS Firewall solution to the Sri Lanka based MNO. The firewall solution will enable the MNO optimize monetization, by effectively monitoring, identifying and filtering grey route international A2P SMS traffic terminating on its network. Route Mobile will also provide managed services related to the firewall solution to the MNO. Further, as an exclusive partner, Route Mobile will leverage its reach with large global enterprises to drive international A2P SMS traffic termination on the Sri Lankan MNO’s network.

Route Mobile is a cloud communications platform service provider, catering to enterprises, over-the-top (OTT) players, and mobile network operators (MNO).