Route Mobile rises on launching TruSense

Route Mobile rises on launching TruSense

by 5paisa Research Team Last Updated: Feb 28, 2023 - 02:14 pm 944 Views
Listen icon

Today, the stock opened at Rs 1332.05 and has touched a high and low of Rs 1367.95 and Rs 1332.05 respectively.

Launch of TruSense

Route Mobile has launched TruSense, a digital identity and security suite that is critical to securing digital transactions through a reliable ecosystem, enabling businesses to authenticate the end user in a frictionless way. Trusense Identity will function as a dedicated Strategic Business Unit (SBU) under Route Mobile (UK). with its own product management and engineering development teams. The teams will be focused on building world-class products using expertise and technology from Route Mobile and Masivian S.A.S. -- a wholly-owned subsidiary of Route Mobile (UK).

The proliferation of connected devices accelerated digital transformation and the availability of inexpensive data has led to a proportionate increase in risks related to identity theft, forgery, sim swap, phishing, SMishing and online fraud. Activities like online transactions, onboarding activities, and KYC document verification require a secure platform that ensures that the end user is not an impersonator.

Stock Price Movement

At noon, the shares of Route Mobile were trading at Rs 1353.10, up by 11.35 points or 1.16% from its previous closing of Rs 1337.55 on the BSE. The stock opened at Rs 1332.05 and has touched a high and low of Rs 1367.95 and Rs 1332.05 respectively. The BSE group 'A' stock of face value of Rs 10 has touched a 52-week high and low of Rs 1727.25 and Rs 1052.60, respectively. Last one week high and low of the scrip stood at Rs 1374 and Rs 1293.65 respectively. The current market cap of the company is Rs 8435.11 crore.

The promoters holding in the company stood at 58.44%, while Institutions and Non-Institutions held 28.32% and 13.24% respectively.

Company profile  

Route Mobile is a Cloud Communication Platform provider, catering to enterprises, over-the-top (OTT) players and mobile network operators (MNO). Their product portfolio includes smart solutions in Messaging, Voice, Email, SMS Filtering, Analytics and Monetization. It was incorporated in 2004.

Share Market Today


How do you rate this article?

or

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

378X91-D3

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Disclaimer

Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial. Also, The
Open Free Demat Account
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
What you must know about Marinetrans India IPO?

Net Marinetrans India Ltd was incorporated in the year 2004 and it is engaged in the business of sea freight forwarding. Marinetrans India Ltd started off as a freight forwarder and later expanded to offer Door-to-Door Delivery and 3PL services for the logistics industry.

Net Avenue Technologies IPO GMP (Grey Market Premium)

Net Avenue Technologies IPO opens for subscription on 30th November 2023 and closes for subscription on 04th December 2023.

Warren Buffett Offloads Entire 2.46% Paytm Stake, Faces ₹507 Crore Loss

On November 28, 2023, shares of One 97 Communications, the parent company of Paytm, opened 1% lower following Warren Buffett's move to sell his entire stake in the digital payment giant.