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ONMOBILE GLOBAL Gains 10%; BSE IT Index Up 1.8%
Thu, 18 Jul 15:41

ONMOBILE GLOBAL Gains 10%; BSE IT Index Up 1.8%Image source: Eoneren/www.istockphoto.com

ONMOBILE GLOBAL share price has zoomed 10% and is presently trading at Rs 86.4.

Meanwhile, the BSE IT index is at 40,707.8 (up 1.8%).

Among the top gainers in the BSE IT index today are LTIMINDTREE (up 3.6%) and Birlasoft (up 3.2%).

Firstsource Solutions (down 3.5%) and INFIBEAM AVENUES (down 1.6%) are among the top losers today.

Over the last one year, ONMOBILE GLOBAL has moved up from Rs 77.5 to Rs 86.4, registering a gain of Rs 8.9 (up 11.5%).

On the other hand, the BSE IT index has moved up from 31,378.2 to 40,707.8, registering a gain of 29.7% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 178.4%), PERSISTENT SYSTEMS (up 97.8%) and Birlasoft (up 95.2%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 81,343.5 (up 0.8%).

The top gainers among the BSE Sensex today are TCS (up 2.9%) and Bajaj Finserv (up 2.3%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,779.4 (up 0.7%). LTIMINDTREE and ONGC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,589.9 to 81,343.5, registering a gain of 14,753.5 points (up 22.2%).

ONMOBILE GLOBAL Financial Update...

ONMOBILE GLOBAL net profit grew 69.2% YoY to Rs -6 million for the quarter ended March 2024, compared to a loss of Rs 21 million a year ago. Net sales declined 4.3% to Rs 1,227 million during the period as against Rs 1,282 million in January-March 2023.

For the year ended March 2023, ONMOBILE GLOBAL reported 79.1% decrease in net profit to Rs 68 million compared to net profit of Rs 325 million during FY22. Revenue of the company grew 1.1% to Rs 5,252 million during FY23.

The current Price to earnings ratio of ONMOBILE GLOBAL, based on rolling 12 month earnings, stands at 60.0.

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