Route Mobile inches up on launching Route Guard
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Route Mobile is currently trading at Rs. 1257.05, up by 4.80 points or 0.38% from its previous closing of Rs. 1252.25 on the BSE.
The scrip opened at Rs. 1253.05 and has touched a high and low of Rs. 1262.95 and Rs. 1253.05 respectively. So far 1055 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1727.25 on 04-May-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. 1293.25 and Rs. 1236.05 respectively. The current market cap of the company is Rs. 7855.67 crore.
The promoters holding in the company stood at 58.32%, while Institutions and Non-Institutions held 28.45% and 13.24% respectively.
Route Mobile has launched Route Guard, an innovative blockchain based AI and ML solution, with advanced security features to prevent spamming and phishing attacks.
Route Guard is a world? class product that intelligently combats this problem faced by MNO’s and end?users alike to prevent rogue messages from reaching a phone’s inbox. It significantly reduces or eliminates digital fraud, spam and phishing attacks nationwide. Route Guard is launched under Route Ledger Technologies, a wholly? owned subsidiary of Route Mobile that focuses on blockchain and Distributed Ledger Technology (DLT) solutions for the telecom industry. Route Mobile is already in discussion with various telecom companies and enterprises to help them overcome phishing/spam challenges on their network.
Route Mobile is a cloud communications platform service provider, catering to enterprises, over-the-top (OTT) players, and mobile network operators (MNO).
