Subex advances on opening new subsidiary in Sharjah

06 Apr 2015

Subex is currently trading at Rs. 11.32, up by 0.45 points or 4.14% from its previous closing of Rs. 10.87 on the BSE.

The scrip opened at Rs. 10.95 and has touched a high and low of Rs. 11.50 and Rs. 10.72 respectively. So far 208059 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 15.80 on 14-Nov-2014 and a 52 week low of Rs. 7.74 on 24-Jun-2014.

Last one week high and low of the scrip stood at Rs. 10.94 and Rs. 9.32 respectively. The current market cap of the company is Rs. 208.53 crore.

The promoters holding in the company stood at 0.57 % while Institutions and Non-Institutions held 0.10 % and 99.19 % respectively.

Subex has opened a subsidiary in Sharjah, United Arab Emirates (UAE) in the name and style of ‘Subex Middle East (FZE)’ situated at Sharjah Airport International Free Zone, Sharjah, UAE.

Subex is a leading global provider of Business Support Systems (BSS) that empowers communications service providers (CSPs) to achieve competitive advantage through Business Optimisation - thereby enabling them to improve their operational efficiency to deliver enhanced service experiences to subscribers.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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