Telecom Stock To Consider Results, 1st Interim Dividend On Oct 21; Buy Assigned For TP Rs 2100

Route Mobile Ltd informed today about upcoming meeting of Board of Directors scheduled to be held on October 21, 2024 to consider financial results and first interim dividend, if any, for the FY 2024-25. Current market price of Route Mobile Ltd shares on BSE is Rs 1558.05 per share. The company's market capitalisation stood at Rs 9809.90 crore. Its ROE is 11.09 and PE is 74.44. Route Mobile shares gained 3% in last 1-week and fell 0.89% in last 1-year. FII/FPI have increased holdings from 5.75% to 6.65% in September 2024 quarter.

Number of FII/FPI investors increased from 106 to 122 in September 2024 quarter. Institutional Investors have increased holdings from 6.79% to 12.79% in September 2024 quarter. Check key details below:

Route Mobile Ltd To Consider Financial Results: The BSE filing of Route Mobile Ltd dated October 15 mentioned, "a meeting of the Board of Directors of Route Mobile Limited (the "Company") is scheduled to be held on Monday, October 21, 2024, inter alia, to consider and approve Unaudited Standalone and Consolidated Financial Results for the Quarter and Half year ended September 30, 2024."

Route Mobile Sets Record Date For Interim Dividend: The BSE filing added, "The Board shall also consider declaration of First Interim Dividend, if any for the Financial Year 2024-25. The Record Date for payment of First Interim Dividend, if declared, will be Tuesday, October 29, 2024."

Should You Buy Route Mobile? Brokerage firm HDFC Securities recommended buy call to Route Mobile shares with target price of Rs 2100. If you buy Route Mobile shares at current market price of Rs 1558.05 per share, you can fetch potential return of 34.78%.

Route Mobile Dividend History: Route Mobile recommended 10 dividends since July 15, 2021. In last 1-year, Route Mobile announced an equity dividend amounting to Rs 8.00 per share. At the current share price of Rs 1558.05, Route Mobile offers a dividend yield of 0.51%.

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