Title: Relationship of Nifty 50 with Route Mobile Limited
Author: Ritesh Promod Borkar
Introduction:
Route Mobile Ltd is an Indian cloud communication platform company founded in 2004 and headquartered in Mumbai. The company provides messaging, voice, email, and digital communication services to enterprises across multiple industries. It operates globally and supports businesses in improving customer engagement through omnichannel communication solutions. Over the years, Route Mobile has expanded its services using advanced technologies such as artificial intelligence and cloud-based platforms.
Objective: Calculation of Beta and observe its significance
Literature Review
1. Technological Innovation and Service Development
Patil, S., & Desai, K. (2024) Studies show that Route Mobile Ltd has experienced significant growth due to its global expansion and strong partnerships with telecom operators. The company provides communication services to enterprises across more than 90 countries and maintains direct relationships with hundreds of mobile network operators worldwide. Its business growth has been supported by increasing demand for digital messaging services and omnichannel communication platforms used by industries such as banking, e-commerce, and healthcare. This global presence has strengthened the company’s market position and enabled revenue growth through diversified service offerings.
2. Growth and Global Expansion of Route Monile Ltd
Sharma, R., & Mehta, P. (2023) Research highlights that Route Mobile Ltd focuses on technological innovation, particularly in artificial intelligence and automation. The company uses technologies such as chatbots, voice recognition, and automated messaging systems to enhance customer communication and improve service efficiency. AI-based tools help businesses manage high volumes of customer interactions, personalize communication, and improve response time. These innovations support digital transformation among enterprises and contribute to improved customer satisfaction and operational efficiency.
Data Collection:
The data for Nifty 50 and Route Mobile Ltd was downloaded from NSE India.com for the period of 1-01-2025 to 31-12-2025 Friday closing prices for Nifty 50 and Route Mobile Ltd was segregated weekly returns of Nifty 50 Route Mobile Ltd were calculated. Weekly returns of Nifty 50 were taken as X and weekly returns of Route mobile Ltd were taken as Y. Y was regressed on X.
Data Analysis: In place of Demand is Route mobile Ltd and Price is Nifty 50.
Route mobile Ltd = 2.9601 – (-0.01689873) nifty + e
(-8.04088)
N = 48, R-square = 0.584, Price= (-8.041), F= 64.656
Interpretation:
The above equation shows the relationship between price and demand. Negative sign means there is inverse relationship which means if price rises, demand falls and vice versa If price rises by 1 unit, The demand falls by 0.0167. Number of observations are 48. T stands for Beta -8.04. The P-value for which is 0.00 is less than 0.05 meaning Beta is statistically significant at 5% level, meaning price impact at 5% level, R- square is 0.584 meaning only 58.4%, demand is explained by price, 41.6% is the error due to the variables not included in the model.
Conclusion: Invest in Route Mobile Ltd for long term.
References:
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Patil, S., & Desai, K. (2024). Technological innovation and digital communication services in Indian telecom platforms. Journal of Emerging Technologies and Management Studies, 9(1), 78–84.
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Sharma, R., & Mehta, P. (2023). Growth strategies and global expansion of cloud communication companies: A study of Route Mobile Ltd. International Journal of Business Management and Research, 12(2), 45–52.