Route Mobile share price jumps after partnership with Truecaller
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Route Mobile share price jumped nearly 7% on Wednesday, 1 July, after the company announced a strategic partnership with Truecaller to expand the reach of its Business Messaging platform. According to the company's exchange filing, the collaboration will enable enterprises to leverage Truecaller Business Messaging, allowing them to communicate with customers through secure, verified and interactive messages at scale. The partnership aims to help businesses deliver more trusted, seamless, and effective customer engagement. The company said the integration combines Route Mobile's Communications Platform-as-a-Service (CPaaS) infrastructure with Truecaller's extensive user base and rich media messaging capabilities, enabling brands to engage customers through contextual messages that support images, videos and documents. Commenting on the partnership, Tushar Agnihotri, CEO of Route Mobile, said the collaboration will help enterprises build trusted customer interactions and improve engagement by combining Route Mobile's global messaging infrastructure with Truecaller's communication platform. According to the exchange filing, the partnership will provide businesses access to Truecaller's more than 500 million monthly active users globally. The platform supports both one-way and two-way communication and offers features such as verified business messaging, actionable hyperlinks, smart priority sticky notifications and read receipts, aimed at improving customer engagement and campaign effectiveness. Route Mobile share price today opened at an intraday low of ₹519 per share on the BSE, and the stock touched an intraday high of ₹553 per share. Sudeep Shah, Head of Technical and Derivatives Research at SBI Securities, said Route Mobile has been consolidating in the ₹490–555 range since May 12, indicating a prolonged phase of indecision. He noted that the Relative Strength Index (RSI) has remained largely flat during this period, suggesting a lack of strong directional momentum. On the weekly chart, Shah pointed out that the stock continues to trade below its key moving averages, with the 20-week exponential moving average (EMA) acting as a strong resistance over the past five weeks. He added that the MACD has also remained flat, reinforcing the ongoing sideways trend. According to Shah, a decisive breakout above or breakdown below the current trading range is likely to determine the stock's next directional move. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions. Dhanya Nagasundaram works as a Content Producer at LiveMint, specializing in news related to financial markets, stocks, and business. With over eight years of experience in journalism and content creation, she has honed her skills in data-driven reporting and market analysis. Her focus is on monitoring stock trends, initial public offerings (IPOs), corporate news, policy shifts, and larger economic trends that affect investors and market players. <br><br> At LiveMint, Dhanya consistently writes and produces articles that make complex financial topics accessible to readers. She keeps a close eye on equity markets, commodities, and macroeconomic indicators, assisting audiences in comprehending how global and domestic events influence investment perspectives. Her stories frequently underscore emerging trends within sectors, the IPO market, company earnings results, and market strategies pertinent to both retail and institutional investors. <br><br> Before her tenure at LiveMint, Dhanya accumulated a wealth of professional experience at various companies, including MintGenie, Informist, Cogenics, Chary Publications, KPMG, and the Royal Bank of Scotland. These positions allowed her to establish a solid foundation in financial research, reporting, and content creation. <br><br> Throughout her career, she has explored numerous subjects such as trading strategies, commodities, IPOs, wealth generation, corporate profits, and macroeconomic indicators. Her background in both financial journalism and corporate settings has given her the ability to tackle stories with analytical rigor while ensuring clarity for her audience. Through her contributions, Dhanya strives to deliver insightful, trustworthy, and investor-centric financial content. Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates. Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.
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