OnMobile wins a 3 year Ringback Tone & Reverse Ringback Tone deal with Banglalink

OnMobile Global Limited (OnMobile) on Wednesday announced that it has secured a 3-year deal with Banglalink, one of the leading digital communications services providers of Bangladesh to provide Ringback Tones and Reverse Ringback Tones to its customers.

With this win, OnMobile's flagship Ringback Tone will be available to more than 32 million customers of Banglalink in Bangladesh.

As per this agreement, OnMobile will power Amar Tune (Ringback Tone) and Priyo Tune (Reverse Ringback Tone) for Banglalink by managing the platform, content as well as business operations for the next 3 years.

OnMobile is the global leader in Ringback Tones and is known for its Technology innovations that provide an unmatched consumer experience through intelligent digital storefronts, analytic-driven customer lifecycle management, a pioneering global network operations center and a world-class content management system.

Stock view :-

OnMobile Global Ltd is currently trading at Rs 67.2, up by Rs 2 or 3.07% from its previous closing of Rs 65.2 on the BSE.

The scrip opened at Rs 66.2 and has touched a high and low of Rs 67.3 and Rs 66.2 respectively. So far 43425(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 680.39 crore.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 128.7 on 15-Jul-2016 and a 52 week low of Rs 62.65 on 20-Jun-2017. Last one week high and low of the scrip stood at Rs 71.9 and Rs 64.85 respectively.

The promoters holding in the company stood at 48.8 % while Institutions and Non-Institutions held 10.49 % and 40.71 % respectively.

The stock is currently trading below its 200 DMA.

OnMobile Global Ltd :-
BSE 66.60 1.40    (2.15%)
NSE 66.85 1.75    (2.69%)


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