Midcap Services Sector Stock Soon To Trade Ex-Dividend, "Buy" For 42% 
Upside, Says HDFC Securities

Midcap Services Sector Stock Soon To Trade Ex- Dividend, " Buy" For 42 % Upside, Says HDFC Securities { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

Route Mobile Ltd on January 26, 2023, declared the Second Interim Dividend for the Financial year ending March 31, 2023.

HDFC Securities is bullish on the stock of Route Mobile, maintains " Buy" the stock with a target price of Rs 1,700 apiece implying 42% upside from its current level.

Route Mobile is a service sector mid cap stock.

It is among the leading Cloud Communications Platform service provider offering Communication Platform as a Service ( CPaaS) solutions.

It has a market capitalisation of Rs 7,487.04 crore.

The share price of Route Mobile was recorded on 1 February 2022 at Rs 1,888.90 apiece and the 52- week low on 23 June 2022 at Rs 1,052 apiece, respectively. { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

Since its listing on 21 September 2020, the stock gained 84 .48%.

Route Mobile Ltd Declared 2nd Interim Dividend

The Board of Director is givens of Route Mobile to the Second Interim Dividend of Rs. 6/- per equity share of Rs. 10/- each of the Company for the F. Y 2022 - 23." { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

HDFC Securities recommended buy the stock

Route's growth will be supported), by continued growth in messaging volume and firewall traction in new growth a areas like OTT and RCS. { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

Over. FY 22 - 25 E, we project revenue/EBITDA/EPS CAGRs of + 36/ 43/29%.

We initiate coverage on Route with BUY rating and TP of INR 1,700, valuing it at 25 x Dec- 24 E,, E EPS

The stock has been picked from the brokerage report of HDFC Securities. { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

Greynium Information Technologies, the Author, and the respective Brokerage house are not liable for any losses caused as a result of decisions based on the article.

Goodreturns.in advises users to consult with certified experts before making any investment decision.

By Shubham Kumar Goodreturns source: goodreturns.in Dailyhunt View more