Route Mobile rallies 25% in three days on robust September quarter results

The stock bounced back 12 per cent today from its early morning low on the BSE after the company's consolidated net profit more-than-doubled to Rs 32.7 crore in Q2

Shares of recently listed Route Mobile surged 8 per cent to Rs 990, bouncing back 12 per cent from its early morning low of 884.5 per share, on the BSE on Thursday after the company's consolidated net profit more-than-doubled to Rs 32.7 crore in September quarter (Q2FY21) on the back of healthy income. The company had posted profit of Rs 13 crore in Q2FY20.

Stock of the internet software and services firm has rallied 25 per cent in the past three trading days and has surpassed its previous high of Rs 987.90, touched on September 25, 2020. The company had raised