OnMobile Global share: In the span of a year, shares of OnMobile Global, a prominent telecom company, witnessed a notable upswing, moving from 50 rupees to crossing the 100-rupee mark. The surge can be attributed to some positive news revolving around the company.
Recently, OnMobile Global share has forged a pact with ROBI, a leading networking firm in Bangladesh. This collaboration is aimed at launching new mobile gaming products, an announcement that subsequently led to a 4% rise in the company’s stock.
A Peek into OnMobile Global: Headquartered in Bangalore, OnMobile Global specializes in a spectrum of telecom services. They are known for crafting products ranging from video services, tones, to games. The firm boasts of a user base exceeding 100 million active users, underscoring its strong foothold in the market.
OnMobile Global share: Shareholding patterns reveal that promoters hold a stake of 48.01% in the company, a figure that has remained consistent over the past five quarters. Interestingly, there has been a slight dip in the holdings of Foreign Institutional Investors (FIIs). Their stake decreased from 0.95% in the March quarter to 0.5% in the June quarter.
Financially, OnMobile Global share displayed robust growth as the profits for the April-June quarter of the fiscal year 2023-24 doubled in comparison to the same period in 2022-23. The company’s profit escalated from 4 crore rupees to an impressive 9.83 crore rupees. Furthermore, the company reported revenue of 137.06 crore rupees, marking a modest increase of 1%.
All in all, these developments reflect a promising trajectory for OnMobile Global, making it a key player to watch in the telecom sector.