Buy OnMobile at around 63: CK Narayan

In a chat with ET Now, CK Narayan, Growth Avenues Asset Advisors, shares his views on OnMobile.

What is the call on OnMobile?

I am picking OnMobile for a trade. OnMobile is something which surprised the street with the results last week. Traded up at about 70-71 levels and during the hit of the last 2 sessions has come down to trade at about 63 where it had that zone of consolidation.

So, the risk here is pretty low, buy it at around Rs 63, keep a stop below 60 and that is a stock which would trade back into or about 69 to 70 levels.