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Route Mobile stocks: Buy Route Mobile, target price Rs 1750: Axis Securities

Axis Securities has buy call on Route Mobile with a target price of Rs 1750. The current market price of Ltd. is Rs 1540.65. Time period given by analyst is Intra Day when Route Mobile Ltd. price can reach defined target.

Route Mobile Ltd., incorporated in the year 2004, is a Small Cap company (having a market cap of Rs 9705.56 Crore) operating in the Services sector.

Route Mobile Ltd. key Products/Revenue Segments include Sale of services for the year ending 31-Mar-2022.

Smart Talk

Financials

For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 743.80 Crore, up 17.23% from last quarter Total Income of Rs 634.48 Crore and up 94.72% from last year same quarter Total Income of Rs 381.99 Crore. The company reported net profit after tax of Rs 71.07 Crore in the latest quarter.

Investment Rationale
“Flag formation” breakout along with huge volumes and sustaining above 20-, 50- and 100-day SMAs


Promoter/FII Holdings
Promoters held 59.82 per cent stake in the company as of 30-Jun-2022, while FIIs owned 19.94 per cent, DIIs 7.03 per cent.

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