This multi-bagger stock made a multi-year high today!
The share of OnMobile Global is in an uptrend.
The share of OnMobile Global is in an uptrend. To put into perspective, the stock's price is at Rs 181.50 and has rallied nearly 10 per cent in today’s morning session. Furthermore, in one month, the stock has given an astounding return of more than 50 per cent while in a period of one year, it skyrocketed by 73.15 per cent.
The company has invested in a start-up called ‘Chingari’ and it is estimated to be valued highly. Chingari is valued at $1 billion and OnMobile holds approximately 10 per cent of it.
The company has a P/E ratio of 54.8, which can be considered high. It has also maintained a high dividend payout ratio of 58.50 per cent. Meanwhile, the company has given a massive breakout today.
OnMobile provides mobile entertainment products & solutions such as tones, videos, and editorial to telecom operators as well as media enterprises. Apart from this traditional core, the company is concentrating on developing cutting-edge mobile gaming solutions like ONMO and Challenges Arena, which it promotes through both B2B as well as D2C channels.