Route Mobile shares witnessed a significant increase of more than 3 percent on November 26, reaching Rs 1,460 per share. This marks the highest rise in 15 weeks and was accompanied by substantial trading volumes.

However, despite this recent uptick, the stock has experienced a decline of over 9 percent year-to-date. In contrast, the benchmark Nifty 50 has seen a surge of 10 percent during the same period.

On the trading day in question, approximately 58,000 equity shares were traded on both the BSE and NSE, which is lower than the one-month average of 97,000 shares.

In a strategic move, Route Mobile UK, a subsidiary of Route Mobile, has approved the acquisition of 75 lakh shares in PT Route Mobile Indonesia for IDR 7,507,500,000. This acquisition will result in Route Mobile UK owning a 99.9 percent stake in RM Indonesia. RM Indonesia specializes in providing value-added services in omni-channel communication.

Despite the recent performance of the stock, all four brokerages covering Route Mobile have issued a "Buy" rating, indicating positive sentiment towards the company.