Route Mobile Share Price – Excellent Returns Of This Stock Over The Year; Even Beat TCS, Infosys, Wipro! – Since Covid-19, many small and big and startup companies continue to be listed in the stock market. At the same time, these companies are also performing well in the market and are also getting great returns on their shares. A similar return has been given by a cloud communication platform company listed last year, which has been better than the return on the stock of companies like TCS, Wipro and Infosys. Know whether it is still the right option for investment.
Route Mobile Share Price – Excellent Returns Of This Stock Over The Year; Even Beat TCS, Infosys, Wipro!
Cloud communication company Route Mobile was listed in September last year. Since then the company’s stock has been performing consistently well. The listing price of the company was Rs 717 on 21 September 2020, which reached Rs 2,025 on 4 September 2021. In this way, more than 182% return has been received on the company’s stock in a year.
If an investor would have invested 1 lakh rupees a year ago in the share of Route Mobile. So according to the current share price of the company, he will get about Rs 2.82 lakh. Whereas in the last two days of trading, the company’s stock climbed up to 2.44%. Now the thing to know is whether Route Mobile’s stock is still worth investing in…
Route Mobile’s share has climbed 83% since the beginning of the year 2021. On 5 July 2021, it had reached an all-time high of Rs 2,308. The market capitalization of Route Mobile is Rs 11,610 crore.
If we talk about the performance of Route Mobile’s share in its own industry, then during this period IT sector big companies such as TCS have returned 66.45%, Infosys 81.58%, Wipro 131.31% and HCL Tech 65.07% returns. Used to be. At the same time, the return of Sensex has also been around 48%. However, this cannot be the only reason for investing in Route Mobile’s stock.
The biggest reason for investing in a stock is the financial performance of that company. Talking about the share and financial performance of Route Mobile, they are moving in the same direction. In the first quarter (April-June 2021) of 2021-22, the company’s net profit has increased by 27.44% to Rs 34.3 crore. Whereas in the same quarter last year, the company’s profit was Rs 26.9 crore. Not only this, the company’s sales also increased by 22% during this period to Rs 377.5 crore, which was Rs 309.86 crore in the same period last year.
According to experts, Route Mobile has given 100% profit to its investors after listing. The company’s stock was listed on BSE at a premium of 102.28% to 708 from its IPO price of Rs 358. At the same time, it was listed on NSE at 104.85% premium at Rs 717. The company is expected to perform well in the coming times.