ONMOBILE next target Rs.425-440 If Support of Rs.360 is held on closing basis.
ONMOBILE Cmp Rs.376 has given a break-out rising above failing trend-line which brings the stock to new phase of rally. trading above major moving averages 20DMA-360 & 200DMA-354 & Stock has closed above 200DMA in last 3days. This stock was underperformer trading below 200DMA.
ONMOBILE Global said it has acquired 3G video technology and mobile solutions developed by the Silicon Valley based Dilithium Networks. This acquisition enables the company to deploy technology in the mobile video solutions space, on the company 2G and 2.5G value added services platform, accelerating the launch of 3G value added services. This acquisition also provides OnMobile Global with Dilithium’s extensive patent portfolio - over 175 patents in the video technologies. http://www.
