Route Mobile hits 18-month low; stock sheds 25% in the two weeks

Shares of Route Mobile hit a 18-month low of Rs 1,052.60, down 4 per cent on the BSE in Thursday’s trade on concerns of weak operational performance. In comparison, the S&P BSE Sensex was up 0.5 per cent at 52,104 at 02:10 PM.

In the past two weeks, the stock of other telecom services provider has dipped 25 per cent. Since, May 17, the stock has slipped 30 per cent after the company reported a weak operational performance for the quarter ended March 2022 (Q4FY22).

The stock traded at its lowest level since December 2021. The stock price