Why is OnMobile Global falling/rising?

Aug 29 2025 09:29 PM IST
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As of 29-Aug, OnMobile Global Ltd's stock price is at 50.57, showing a slight increase but trading below all key moving averages. Despite a recent uptick, the stock has declined 39.69% over the past year, reflecting poor long-term growth and cautious market sentiment.
As of 29-Aug, OnMobile Global Ltd's stock price is currently at 50.57, reflecting an increase of 0.22 or 0.44%. The stock has shown a trend reversal, gaining after four consecutive days of decline, and has outperformed its sector by 1.12% today. However, despite this short-term uptick, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, OnMobile Global has experienced a significant decline of 39.69%, and its long-term growth appears poor, with an annual operating profit decline of 183.40% over the last five years. While the company has reported positive results in terms of net sales and profit after tax, the overall sentiment remains cautious due to its negative operating profits and the lack of domestic mutual fund investment, indicating potential discomfort with the stock's valuation.

In the broader market context, OnMobile Global's short-term performance has been relatively weak compared to the benchmark, as it has declined by 2.94% over the past week, while the Sensex has only fallen by 1.84%. This underperformance is consistent with the company's trend over the last three years, where it has consistently lagged behind the benchmark, generating negative returns. The stock's liquidity is adequate for trading, but the overall market sentiment remains cautious, particularly given the company's significant underperformance and the lack of confidence from institutional investors.
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