Route Mobile freezes at 10% upper circuit; zooms 38% in 1 week post Q2 nos

With the past week's rally, the stock is currently trading 213 per cent higher as against its issue price of Rs 350 per share

Shares of Route Mobile were locked in the 10 per cent upper circuit band at Rs 1,095.85 on the BSE on Monday, surging 38 per cent in the past one week, after the company reported a strong set of July-September quarter (Q2FY21) numbers.

Till 02:58 pm, a combined 2.2 million equity shares had changed hands and there were pending buy orders for around 160,000 shares on the NSE and BSE, exchange data show. In comparison, the S&P BSE Sensex was up 0.69 per cent at 39,887 points.

The company is a leading cloud communication platform service provider to enterprises, over-the-top players and