Route Mobile jumps on expanding operations in Southeast Asia

Route Mobile is currently trading at Rs. 1820.30, up by 64.30 points or 3.66% from its previous closing of Rs. 1756.00 on the BSE.

The scrip opened at Rs. 1769.90 and has touched a high and low of Rs. 1844.40 and Rs. 1742.05 respectively. So far 118182 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1979.00 on 17-Feb-2021 and a 52 week low of Rs. 625.00 on 21-Sep-2020.

Last one week high and low of the scrip stood at Rs. 1844.40 and Rs. 1691.00 respectively. The current market cap of the company is Rs. 10078.81 crore.

The promoters holding in the company stood at 65.35%, while Institutions and Non-Institutions held 21.71% and 12.94% respectively.

Route Mobile is expanding its operations in Southeast Asia by opening a step-down subsidiary - PT Route Mobile Indonesia, incorporated by its wholly-owned subsidiary - Route Mobile (UK) & the appointment of Elsiyah Susanto as Country Manager - Indonesia. The new office in Indonesia marks Route Mobile's commitment to bolster its presence in the region and assures better reachability to enterprises & brands. With Elsiyah's induction, Route Mobile will ensure a strong growth momentum in Southeast Asia (SEA) with a focus on the Indonesian market.

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