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Mint
11 hours ago
- Business
- Mint
Stocks to buy for short term: From Praj Industries to Route Mobile— Jigar Patel of Anand Rathi suggests 3 stock picks
Stocks to buy for the short term: A deeper-than-expected 50 bps rate cut drove the Indian stock market benchmark Nifty 50 above the 25,000 mark on Friday, June 6. The index ended the week over a per cent higher, snapping its two-week losing run. According to Jigar S. Patel, Senior Manager of Equity Research at Anand Rathi Share and Stock Brokers, the Nifty 50 is approaching a critical resistance zone of 25,100–25,300, aligning with key Fibonacci retracement levels. Patel believes this zone may trigger profit booking and poses a risk of negative RSI divergence on the daily chart. "We remain cautious and recommend profit-booking near this zone. A decisive breakout above 25,300 could warrant a re-evaluation of our outlook," said Patel. "On the downside, 24,700 serves as immediate support, while 24,450 remains the make-or-break level for bulls. The coming week's follow-through will determine whether this bounce sustains or fizzles out," Patel said. Jigar Patel recommends buying shares of Route Mobile, Praj Industries and OFSS for the next two to three weeks. In the recent trading session, Route Mobile broke out after nearly a month of consolidation, accompanied by a significant surge in volume, indicating strong accumulation. This consolidation phase is particularly notable because it occurred within the R3–S3 zone of the monthly Camarilla pivots, establishing an inside-value relationship. This setup forms when the current month's pivots are nested within the previous month's range, often signalling a potential breakout with strong directional bias. Adding to the bullish case, the daily RSI has consistently held above the 40 level and is now positioned at 64, reflecting strengthening momentum. "We recommend a buying opportunity in the ₹ 1,000–1,030 zone, with a target price of ₹ 1,150 and a stop loss of ₹ 940 on a daily closing basis," said Patel. Route Mobile stock technical chart Praj Industries has recently completed a bullish dragon pattern, indicating the potential for a strong upward move. Complementing this setup, the monthly Camarilla pivots are displaying a higher overlapping value relationship, and price action has decisively closed above the R3 level—a clear signal of emerging bullish momentum. On the momentum front, the daily RSI has broken out after a prolonged consolidation between the 40–50 zone and now stands near 60, reinforcing the positive bias. "Initiate long positions in the ₹ 500–508 zone, with the target price of ₹ 580 and a stop loss of ₹ 465 on a daily closing basis," said Patel. Praj Industries stock technical chart OFSS has recently formed a solid base in the ₹ 8,300–8,700 range and is now trading firmly above the ₹ 8,700 mark, suggesting growing strength. What stands out technically is the presence of an inside value relationship between the monthly Camarilla R3 and S3 pivots—a structure that often precedes sharp directional moves. Adding to the bullish setup, the daily RSI has consistently held the 50 level, reflecting sustained momentum and the potential for a continued uptrend. "Enter long positions in the ₹ 8,700–8,800 zone, with the target price of ₹ 9,800 and a stop loss of ₹ 8,250 on a daily closing basis," said Patel. OFSS stock technical chart Read all market-related news here Read more stories by Nishant Kumar 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, as market conditions can change rapidly, and circumstances may vary.
Business Standard
08-05-2025
- Business
- Business Standard
Route Mobile rises after Q4 PAT jumps 9% YoY to Rs 26 cr
Route Mobile rallied 3.87% to Rs 997.20 after the company reported a 9.34% jump in standalone net profit to Rs 25.76 crore on a 12.41% rise in revenue from operations to Rs 208.38 crore in Q4 FY25 compared to Q4 FY24. On a consolidated basis, the companys net profit dropped 36.65% to Rs 60.28 crore on a 15.53% jump in revenue from operations to Rs 1,175 crore in Q4 FY25 over Q4 FY24. The company reported profit before exceptional items and tax of Rs 103.68 crore in Q4 FY25, compared to Rs 107.59 crore recorded in the same period a year ago. The firm reported exceptional loss items of Rs 24.73 crore during the quarter. On a full-year basis, the company's net profit declined 14.12% to Rs 333.93 crore on a 13.73% rise in revenue to Rs 4,575.62 crore in FY24 over FY23. Gautam Badalia, chief executive officer of Route Mobile, said, Im pleased to report strong revenue growth over the past year, driven by broad-based demand and continued client diversification. This resilience enables us to navigate sectoral and geographic headwinds with confidence. As we look ahead to FY26, we remain optimistic about further business expansion. He further added, While gross profit margins faced temporary pressure, our top-line performance validates the strength of our expansion strategy. We remain focused on expanding our market share and driving sustainable,g-term profitability through optimization initiatives. Meanwhile, the companys board has declared a dividend of Rs 2 per share for FY24-25. Route Mobile ("RML") is a cloud communications platform service provider, catering to enterprises, over-the-top (OTT) players, and mobile network operators (MNO). RML's portfolio comprises solutions in messaging, voice, email, SMS filtering, analytics, and monetization. RML has a diverse enterprise client base across a broad range of industries, including social media companies, banks and financial institutions, e-commerce entities, and travel aggregators. RML is headquartered in Mumbai, India, with a global presence in the Asia Pacific, the Middle East, Africa, Europe, and North America.
Economic Times
06-05-2025
- Business
- Economic Times
AI set to disrupt pricing models for business communication services
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Mumbai: Companies that provide call-centre and business messaging services are expecting a shift in the way they charge customers to a more outcome-based and bundled pricing structure from the traditional pay-per-message or pay-per-seat models, as artificial intelligence takes over voice and text conversations and reduces manpower costs, executives said.'Call centres are still charging there is a huge risk that that will be disrupted as AI reduces that cost significantly,' said Ivan Ostojic, chief business officer at London-based Infobip, which offers cloud-based communications tools for marketing, sales and support.'We expect to see a telco-type model where I have some predicted consumption per user and then I can create a bundle for you — from SaaS or AI, down to the channel. It'll be like interaction, consumption conversation. And then there'll be bundles that secure you from price hikes or drops,' he (CPaaS) companies like Infobip are now experimenting with unlocking use cases where the cost of implementation justifies the benefit incurred. Going forward, multi-channel conversations across SMS, voice, WhatsApp, RCS and in-app notifications could well be priced in bundles as AI agents automate workflows, industry executives said.'Our pricing models vary depending on several factors, including the complexity of the use case, the extent of AI integration and backend systems involved,' said Deepak Goyal, chief business officer at Tanla Platforms , a Hyderabad-based company providing tools to help businesses communicate with their AI use cases are costlier than structured, rule-based conversational offerings, customers are willing to pay a premium as value created outweighs the incremental cost, he instance, Tanla ran a campaign for a retail brand where users were prompted to upload images of broken appliances via WhatsApp in exchange for an exclusive coupon. Although multimodal AI image recognition is expensive to deploy, this campaign achieved redemption rates as high as 30 times, Goyal said.'GenAI based use cases are at an early stage of their journey and are yet to find a right pricing fit,' said Gautam Badalia, CEO of Route Mobile , another CPaaS company. 'There is a significant cost involved in GenAI interactions based on the various engines available today.'As AI agents unlock new use-uses in customer services, the pricing models will also evolve to be more outcome based, he said. 'Currently, pay-per-message is the most prominent pricing model with AI agents.'Route Mobile enabled an insurance company to use an AI agent which converses with users on WhatsApp to understand their profile and needs and suggests the most relevant policy. 'This solution is targeted to overcome any human errors in policy suggestions and avoid potential mis-selling,' Badalia said.
