Route Mobile Limited up by 20.00 percent | Espresso

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Espresso shot of the day – Route Mobile Ltd up by 20.00 percent

February 11, 2021
Espresso shot of the day – Route Mobile Ltd up by 20.00 percent

ROUTE MOBILE LTD 1527.20 (+20.00 %)  BSE – INE450U01017| 11th FEB 2021

Binge graph Route Mobile

Route Mobile Limited is a leading Cloud Communication Platform provider, catering to enterprises, over-the-top (OTT) players and mobile network operators (MNO). Their range of enterprise communication services includes smart solutions in Messaging, Voice, Email, and SMS Filtering, Analytics & Monetisation. Since its inception in 2004, Route Mobile Limited has been enhancing mobile communications through technology upgrades and product innovations; meeting the needs of a diverse clientele across geographies. Their customisable, user-friendly, and effective solutions enable enterprises and mobile operators to deliver efficient services to their customers

Recent Drivers

  • Route Mobile Limited reported Net Sales at Rs 91.27 crores in December 2020
  • Quarterly Net Profit at Rs 5.45 crores in December 2020 up 176.38% from loss of R. 7.13 crores in December 2019.
  • The company appointed Mr. Vikram Shanbhag as Executive Vice President - Americas, effective 01 February 2021.
  • Route Mobile Limited is eyeing two acquisitions in areas of conversational AI and virtual contact centre.
  • The company is also keen on an acquisition to increase market share in geographies of Latin America and Europe.
  • In December, Route Mobile Limitedhad announced, it has bagged a contract from Bharat Sanchar Nigam Limited (BSNL) to deploy its SMS firewall platform across southern and western zones in India. Route Mobile Limited would provide enhanced control and security over BSNL user's SMS traffic, subscriber protection and the monetisation of international SMS traffic terminating over their network
  • Route Mobile Limited would also ramp up its presence in the US, with a full-fledged sales team
(Sources: BSE, Business Standard, Moneycontrol, Livemint )

Technical Force*

  • S&P BSE ALL CAP month till date gain up by 10.65%
  • Traded on new 52- week high value 1527.20
  • Touched upper circuit today 1527.20
  • Spurt in volume by more than 5.75 times compares to previous vol. 3 month avg qty - 527,752
  • Stock price has jumped more than 25% in three month low level – 892.35, 12 November 20
  • Daily RSI (14) is in overbought territory today
  • 52- week high - 1527.20 | 52 -week low- 625.00

 Key Pivot  (Yearly)

R4

R3

R2

R1

PP/FIB PP

S1

S2

S3

S4

Pivot Point

-

2024.95

1650.35

1374.20

999.60

723.45

348.85

72.70

-

Fibonacci Pivot

1650.35

1401.76

1248.19

1149.27

999.60

849.93

751.01

597.44

348.85


Today’s Close

1527.20

SMA

BSE

10 DAY

1203.46

20 DAY

1194.36

50 DAY

1164.66

200 DAY

-


Some Key Ratios (Source: BSE)

Market Cap: 8,759.58 crores

PE:

OPM%: 11.24

ROE%: 2.66

Prev. Close: 1272.70


*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.