OnMobile Global may rally to Rs 60-65: SP Tulsian

OnMobile Global may rally to Rs 60-65 and avoid Tulip Telecom at current levels, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, “I have been keeping my positive stance on OnMobile Global. If you see for last one month this stock has been under accumulation. Prior to that we had the financial irregularities and the promoter, some allegations coming in but since then we have been seeing the buying coming in into the stock from Rs 35 onwards and it has been going into the strong hands like the institutional investors and all that so the trend is likely to continue. I won’t be surprised to see a price of Rs 60-65 maybe in next two to three months time.”
He further added, “Tulip Telecom will hit the upper circuit maybe next four or five days or so because this has been hitting the lower circuit and this has been a typical character of these kind of stocks. Whenever they get corrected in fact there has been many kind of these stocks in the past also where we have seen Glodyne, Kemrock so maybe this can hit upper circuits for next four or five days but I don’t think that any one will really be able to enter and do the trading so better to remain away and avoid it.”