Buy Route Mobile, target price Rs 1560: ICICI Securities

ICICI Securities has buy call on Route Mobile with a target price of Rs 1560. The current market price of Route Mobile is Rs 1310.15.

Route Mobile Ltd., incorporated in the year 2004, is a Small Cap company (having a market cap of Rs 8181.36 Crore) operating in Services sector.

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



Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 848.10 Crore, up 14.02 % from last quarter Total Income of Rs 743.80 Crore and up 93.58 % from last year same quarter Total Income of Rs 438.12 Crore. Company reported net profit after tax of Rs 72.63 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 58.56 per cent stake in the company as of 30-Sep-2022, while FIIs owned 19.94 per cent, DIIs 7.18 per cent.