ONMOBILE GLOBAL
BSE: 532944 NSE: ONMOBILE CMP: 223.00
SHORT TERM TARGET : 250.00 MEDIUM TERM TARGET: 285.00
OnMobile Global Ltd. offers services for cellular telephones. The Company offers contests, infotainment, interactive media, missed call alerts, mobile marketing, music, telephone backup, and other services.
OnMobile Global Ltd is a decent mid-cap stock in telecom space. Revenues have grown at a decent pace of around 30% a year. NPM peaked to 20% in FY09 and has settled down to 14% now. Revenues have grown even though telecom space has saturated. Growth prospects are still on for mid-cap stocks like OnMobile Global Ltd. Stock has corrected from 400 odd levels to around all time low of little less than 200 and is trading at very good support levels. On the chart, its a very good buy. Its trading at fair P/E levels of 17 for a long term investor to buy in. Buy, Accumulate on dips of 10% and hold for long term gains.
BSE: 532944 NSE: ONMOBILE CMP: 223.00
SHORT TERM TARGET : 250.00 MEDIUM TERM TARGET: 285.00
OnMobile Global Ltd. offers services for cellular telephones. The Company offers contests, infotainment, interactive media, missed call alerts, mobile marketing, music, telephone backup, and other services.
OnMobile Global Ltd is a decent mid-cap stock in telecom space. Revenues have grown at a decent pace of around 30% a year. NPM peaked to 20% in FY09 and has settled down to 14% now. Revenues have grown even though telecom space has saturated. Growth prospects are still on for mid-cap stocks like OnMobile Global Ltd. Stock has corrected from 400 odd levels to around all time low of little less than 200 and is trading at very good support levels. On the chart, its a very good buy. Its trading at fair P/E levels of 17 for a long term investor to buy in. Buy, Accumulate on dips of 10% and hold for long term gains.
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