Is it good to invest in route Mobile IPO?

Investors with low risk appetite can consider booking profits in the shares of Route Mobile after a 500 percent upside from its IPO price of ₹350 in September 2020. Post its stellar run the stock is now valued at a rich 64 times FY22 EPS (Bloomberg consensus) and 50 times FY23 EPS.

Is Route Mobile good for long term?

Being a pioneer in cloud communication services and a wide range of products, Route Mobile share has proved to be a good option for long-term investment. As the brokerage firms and analysts believe, this sector comes with strong growth prospects hence staying invested in the company for the long term is advised.

What is the future of Route Mobile share?

Route Mobile Limited quote is equal to 1810.450 INR at 2021-12-14. Based on our forecasts, a long-term increase is expected, the “ROUTE” stock price prognosis for 2026-12-07 is 4142.960 INR. With a 5-year investment, the revenue is expected to be around +128.84\%.

What does route mobile company do?

Route Mobile Limited provides mobile communication solutions. The Company offers text messaging, voice calling, number lookups, firewall, email, and other related services. Route Mobile serves customers worldwide.

What is mobile business route?

Route Mobile (earlier known as Routesms Solutions LTD.) is a cloud communications platform as a service (CPaaS) company based in India. In 2019, the company was named among the Fastest Growing Companies in Technology and Telecom sector and was 2nd top fastest-growing Indian company in the United Kingdom.

What is target of Route Mobile?

One can initiate momentum buy in this counter for the short-term target of ₹2430 maintaining stop loss at ₹2200 per share levels.” The consolidated revenue from operations of Route Mobile increased by around 15 per cent to ₹435 crore during the reported quarter from ₹377.5 crore in the corresponding quarter of 2020-21.