Route Mobile's stock price dropped by 5% during Tuesday's trading session following a 9% decrease in Q4 profits to ₹95 crore. In comparison to the same period last year, the company's net profit was ₹104.05 crore, as reported in a BSE filing. Ruchit Jain from 5paisa has suggested that the stock might underperform in the short term due to breaching the support end recently.

Route Mobile's Share Price Decline and Expert Analysis

The decline in Q4 profits has led to a drop in Route Mobile's share price, raising concerns about potential underperformance in the near future. Analysts predict that the stock's next support level is approximately around the ₹1,400 mark.

Route Mobile's Q4 Performance Analysis

Today, Route Mobile's share price opened at ₹1,486.55 on BSE. The stock's intraday low was ₹1,460.55, while the intraday high reached ₹1,500.40. With profits falling by 9% to ₹95 crore in Q4 compared to ₹104.05 crore the previous year, the company's stock has been consolidating within a certain range for a few months. However, breaching the support end suggests potential underperformance in the coming days. The next support level for the stock is expected to be around ₹1,400.

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