Shares of OnMobile Global Ltd. slipped 3.6% to ₹53.24 on Tuesday as investor sentiment weakened after the Union Cabinet approved the Online Gaming Bill, 2025. The stock had closed at ₹55.22 in the previous session and traded in the range of ₹52.50–₹53.85 intraday.
Pressure from regulatory news
Reports suggest the new bill will allow the government to regulate gaming apps, prohibit real-money betting formats, and impose penalties and punishments on endorsements. The development is seen as negative for listed and unlisted gaming-related firms, sparking a sell-off across the sector.
OnMobile, with a market capitalization of ₹5.72 billion, has been diversifying into digital entertainment and gaming solutions. However, analysts caution that regulatory tightening could impact the company’s gaming-linked revenue streams.
Market view
Traders expect volatility to persist in gaming stocks until the full details of the bill are presented in Parliament. Broader clarity on compliance requirements and enforcement measures will be key to gauging the long-term impact on OnMobile Global.
