Shares of this small-cap IT company are trading in the green after the company announced its new product

Shares of this small-cap IT company are trading in the green after the company announced its new product

by 5paisa Research Team Last Updated: Apr 25, 2023 - 05:01 pm 251 Views

The company offers cloud communications platform services to businesses, OTT players, and mobile network operators (MNO). 

About New Product 

Route Mobile has introduced Route Guard, a ground-breaking AI and ML solution built on blockchain technology with cutting-edge security capabilities to thwart spamming and phishing assaults. Route Guard is a top-notch product that cleverly addresses this issue encountered by both MNOs and end users to stop rogue messages from getting to a phone's inbox. Spam, phishing, and other forms of online fraud are considerably decreased or completely eliminated nationwide. Route Ledger Technologies, a fully-owned division of Route Mobile that specialises in blockchain and Distributed Ledger Technology (DLT) solutions for the telecom sector, has announced Route Guard. To assist them in overcoming phishing/spam issues on their network, Route Mobile is already in contact with a number of telecom firms and businesses. 

 Share Price Movement of Route Mobile Ltd.

The scrip opened on Tuesday at Rs 1,253.05 and touched a high and low of Rs 1,262.95 and Rs 1,253.00, respectively. Its 52-week high stood at Rs 1,727.25, whereas its 52-week low was Rs 1,052.60. The current market cap of the company is Rs 7,830.38 crore. Promoters hold 58.32%, whereas the Institutional and non-institutional holdings is 28.45% and 13.25%, respectively.

Company profile 

Route Mobile is a provider of cloud communication platforms that serves businesses, OTT players, and mobile network operators (MNO). Smart solutions in messaging, voice, email, and SMS filtering, analytics, and monetization are all part of their product line. In 2004 it was incorporated. The listing date was September 2020. The promoters have more than 20 years of experience in the communications and software industries. Some of the biggest and most well-known firms in the world, including several Fortune Global 500 companies, are among its clientele.

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