Onmobile Global jumps 9% on Morgan Stanley`s `Overweight`

Onmobile Global, one of the largest white-labelled Data and Value Added Services [VAS] companies for Mobile, Landline and Media Service Providers, jumped nearly 9% on Thursday after global brokerage firm Morgan Stanley retained its "Overweight" call onthe company. Morgan Stanley set the target of Rs 60, which means a 60% upside from the current market price (CMP).Shares ofthe companyare trading at Rs 37.70, up Rs 3.1, or 8.96% at the Bombay Stock Exchange (BSE) on Thursday at 1:01 p.m.The scrip has touched an intra-day high of Rs 38.10 and low of Rs 34.90. The total volume of shares traded at the BSE is 1,647,519.In the earlier session, the shares gained 0.14%, or Rs 0.05, at Rs 34.60. Currently, the stock is trading down 55.12% from its 52-week high of Rs 84 and above 31.13% over the 52-week low of Rs 28.75.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 34.60 0.00 0.00 1 Month 41.75 (7.15) (17.13) 3 Months 39.40 (4.80) (12.18) 6 Months 66.25 (31.65) (47.77) 1 Year 64.05 (29.45) (45.98) Note: Based on previous day closing price.