ROUTE trade ideas
Route Mobile Company is approaching its support level, looking for reversal pattern here, company is trading at PE which is below median PE. Promoter holding has increased by 25% which takes promoter holding to 83% which doesnot meet the maximum promoter holding pattern of 75%. Company will have to come with FPO of around 13-14%, which increases outstanding shares in market. Company has a good business line, expecting this counter to at least 2500 level.
This is high beta stock with high volatility. and avoid if it breaks this support line.
Route to Long watch - could be boring :-(There are many things going other-way with management.
Promoters selling
DII - FIIs off-loading --> free float shares
After consistent financial performance earlier to 2 negative qtrs now.
On Fundamental side - its developing matter.
However looking at the technicals, I can see 2 possible cases
Price probably should take the support at "Porus Support" (red dash line) - mean while company may turn financials positive or any positive news.
Price will go down for consolidation until the fundamentals signal any positivity. Settle at the bottom - try multiple times to come out of the resistance.. takes long approach of elongated consolidation and then give the breakout.
Good to Wait & Watch how it will play. 🤞
route mobileMicrosoft and Proximus Group signed a five-year partnership with the company for digital communications and cloud.
Under the partnership, Microsoft will use products from Proximus' international affiliates BICS, Telesign, and Route Mobile. Also, Proximus will leverage Microsoft's Azure Cloud for AI and data innovations.
Proximus is the holding company of Proximus Opal, the holding company of Route Mobile.
IT stockfundamental stock analysis
ROCE 20.6%, ROE 18.2%
P/E RATIO 30.4 low its peers and its average life PE
company has delivered good profit growth of 45.5% CAGR over last 5 years
company has been maintaining a healthy dividend payout of 19.4%
HIGHEST EVER EPS: 59.74
NEGATIVE
PROMOTERS slightly decreases 58.15% to 57.99%
FII decreases 21.59% to 15.83% and DIIS also
Near completion of Technical set upThe stock is near completion of technical set-up.
Fundamentals:
The stock is fundamentally very strong with positive FCF, 20 % ROIC, 30 % sales growth and 30% SSGR which are all market-beating conditions.
Technicals:
Correction from bttom with cup completion pattern.
kharid lo Route mobile bad me nahi milne wala..ROUTE MOBILE NOW TRADING AT 1159,,AND THIS LEVEL COULD BE BEST FOR SHORT TERM AS WELL AS LONG TERM..RESULT ALSO GOOD BUY BEST STOCKS EVER,,,
ABOUT :-
Route Mobile is a Cloud Communication Platform provider, catering to enterprises, over-the-top (OTT) players and mobile network operators (MNO). Their product portfolio includes smart solutions in Messaging, Voice, Email, and SMS Filtering, Analytics & Monetization. It was incorporated in 2004. It was listed in September, 2020. The promoters have over 2 decades of experience in the software and the communications sector.
Market Cap
₹ 7,340 Cr.
Current Price
₹ 1,178
High / Low
₹ 1,889 / 1,052
Stock P/E
27.2
Book Value
₹ 267
Dividend Yield
0.41 %
ROCE
17.1 %
ROE
14.3 %
Face Value
₹ 10.0
Debt
₹ 14.6 Cr.
EPS
₹ 43.3
PEG Ratio
1.22
Promoter holding
58.4 %
Intrinsic Value
₹ 1,492
Pledged percentage
0.00 %
EVEBITDA
16.3
Company has reduced debt.
Company is almost debt free.
Company is expected to give good quarter
Company has delivered good profit growth of 22.3% CAGR over last 5 years
Behatreen stock,,behatreen business model...buy and hold. 50% discount pe hai abhi. dekho ye sab likhte likhte he 40 points up ho chuka hai ab 1203 ho gya h jaldi buy krooooooo...
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