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ONMOBILE GLOBAL Plunges 4%; BSE IT Index Down 3.0%
Wed, 18 Sep 13:35

ONMOBILE GLOBAL Plunges 4%; BSE IT Index Down 3.0%Image source: KanawatTH/www.istockphoto.com

ONMOBILE GLOBAL share price has plunged 4% and is presently trading at Rs 86.8.

Meanwhile, the BSE IT index is at 42,639.6 (down 3.0%).

Among the top losers in the BSE IT index today are Oracle Financial Services (down 7.4%) and Mphasis (down 5.5%).

Over the last one year, ONMOBILE GLOBAL has moved down from Rs 112.3 to Rs 86.8, registering a loss of Rs 25.4 (down 22.7%).

On the other hand, the BSE IT index has moved up from 33,207.2 to 42,639.6, registering a gain of 28.4% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 167.1%), Firstsource Solutions (up 83.5%) and PERSISTENT SYSTEMS (up 76.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 82,975.6 (down 0.1%).

The top losers among the BSE Sensex today are TCS (down 3.5%) and HCl Tech. (down 3.4%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 25,362.0 (down 0.2%). TCS and HCl Tech. are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,596.8 to 82,975.6, registering a gain of 15,378.8 points (up 22.8%).

ONMOBILE GLOBAL Financial Update...

ONMOBILE GLOBAL net profit fell 255.6% YoY to Rs -153 million for the quarter ended June 2024, compared to a profit of Rs 98 million a year ago. Net sales declined 9.9% to Rs 1,235 million during the period as against Rs 1,371 million in April-June 2023.

For the year ended March 2024, ONMOBILE GLOBAL reported 125.6% increase in net profit to Rs 153 million compared to net profit of Rs 68 million during FY23. Revenue of the company fell 2.3% to Rs 5,132 million during FY24.

The current Price to earnings ratio of ONMOBILE GLOBAL, based on rolling 12 month earnings, stands at -93.8.


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