Subex is currently trading at Rs. 33.90, up by 0.35 points or 1.04% from its previous closing of Rs. 33.55 on the BSE.
The scrip opened at Rs. 33.25 and has touched a high and low of Rs. 34.90 and Rs. 30.15 respectively. So far 1110056 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 82.75 on 21-Apr-2011 and a 52 week low of Rs. 22.80 on 22-Dec-2011.
Last one week high and low of the scrip stood at Rs. 34.90 and Rs. 26.50 respectively. The current market cap of the company is Rs. 237.39 crore.
The promoters holding in the company stood at 11.69% while Institutions and Non-Institutions held 17.53% and 60.67% respectively.
Subex has launched a new release of its Revenue Operations Centre (ROC) Fraud management solution - Version 7.4. The company’s newest version of its ROC Fraud management solution introduces inline controls for preventing subscription fraud, transaction fraud and equipment loss at point of sale.
ROC Fraud management is the company’s award-winning solution that helps wireless and wire-line operators eliminate known frauds, uncover new fraud patterns, minimize fraud run time, augment internal controls and support continuous fraud management process improvement. The company has implemented a new inline control framework, which enables service providers to carry out proactive checks on a new subscriber at the time of customer acquisition.
Subex is a leading global provider of business support systems that empowers communication service providers to achieve competitive advantage through Business Optimization-thereby enabling them to improve their operational efficiency to deliver enhanced service experiences to subscribers.
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