Onmobile Global: The turnaround bells ringing

DateTipwala RecoTimeframeCMPTargetSell Decision
3-Nov-2014Buy Onmobile Global30-45 DaysRs. 45-50Rs. 65-70Time Frame or Target

Onmobile Global is a mobile technology and services company. The current market cap of the co is around Rs 500 cr and it has a net cash on balance sheet of Rs 200 cr. During the recent management conference call the company spoke about margin expansion, turnaround in business and also accepted requests to consider buy backs and special dividends. The stock is all set to regain investor interest post the recent management changes, strong turnaround in the near term coupled with growth traction from key markets. We expect the stock to touch 70-80 levels in the near term based on the potential business turnaround.

For further evaluation, one can have a look at the following link — Q2FY15 Earnings Conference Call Transcript

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