Hi BP GUPTA,
I have 500 shares of onmobile global at an average price of Rs527. This stock big loss making candidate in my portfolio. But i am worried about it. Because i know it will be best stock in my portfolio in next 2 to 3 years. I am a conservative investor. I don`t take such a risk normally. But i strongly believe in growth story of Telecom VAS services in India. It is yet to take full momentum. Onmobile is very well placed to capture the market in next 5 years. If you are a long term investor then hold on to it and accumulate more if you can. Otherwise you can wait until April next year. By April or June next year it may touch Rs600 again. I will buy more if it goes down below Rs350.
I would suggest to wait and see the 3G spectrum auctions. Once we know who is getting how much probably new/enhanced VAS service would be needed/demanded for 3G and then OnMobile share might go up.
| NIFTY 
