Route Mobile surges as its arm incorporates subsidiary company
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Route Mobile is currently trading at Rs. 1358.55, up by 3.60 points or 0.27% from its previous closing of Rs. 1354.95 on the BSE.
The scrip opened at Rs. 1360.85 and has touched a high and low of Rs. 1368.20 and Rs. 1352.30 respectively. So far 6670 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. 1399.00 and Rs. 1295.95 respectively. The current market cap of the company is Rs. 8471.25 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’s wholly owned subsidiary -- Route Mobile (UK) has incorporated a subsidiary namely ‘TruSense Identity’ in England & Wales, United Kingdom. TruSense Identity will be involved in the business of domestic software development, Information technology consultancy activities and other information technology service activities. This new entity formation would widen the solution offerings of the company, and further strengthen the company’s organic growth strategy.
Route Mobile is a cloud communications platform service provider, catering to enterprises, over-the-top (OTT) players, and mobile network operators (MNO).
