 "OnMobile Global gains on winning 3-year deal with RCom")
OnMobile Global has moved higher by 6% to Rs 127 on the BSE after the company announced that it has secured a three year deal from Reliance Communications (RCom) to provide Ring Back Tones to its customers on GSM and CDMA networks across India.
The company engaged in providing value added services in telecom business, last week said that it has bagged a three years renewal for its Ring Back Tone (RBT) offering with Bharat Sanchar Nigam Limited (BSNL) in South & East Zone with an option to extend for the fourth year as well.
Since January 19, in past seven trading sessions, the stock rallied 38% from Rs 92 against 1% rise in S&P BSE Sensex.
At 01:20 p.m. the stock was up 5% at Rs 126 on the BSE. A combined 1.58 million shares changed hands on the counter on the BSE and NSE.
The company engaged in providing value added services in telecom business, last week said that it has bagged a three years renewal for its Ring Back Tone (RBT) offering with Bharat Sanchar Nigam Limited (BSNL) in South & East Zone with an option to extend for the fourth year as well.
Since January 19, in past seven trading sessions, the stock rallied 38% from Rs 92 against 1% rise in S&P BSE Sensex.
At 01:20 p.m. the stock was up 5% at Rs 126 on the BSE. A combined 1.58 million shares changed hands on the counter on the BSE and NSE.