OnMobile Global: Jaypee Research Report

Presently the stock of OnMobile Global is trading at Rs.380. We still see an upside in the stock and hence have upgraded our 12-month Target price to Rs.403 a 10% increase over our previous Target price of Rs.366. This is on account of the additional revenues that can be generated from the 3G related services post Dilithium acquisition. We have however only included the impact of 3G services provided by OnMobile Global in India and have not factored in the impact of 3G services which it may launch in other markets through Dilithium