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Subex rises on launching new solution ‘Subex 3.0’

29 May 2017 Evaluate

Subex is currently trading at Rs. 10.65, up by 0.05 points or 0.47% from its previous closing of Rs. 10.60 on the BSE.

The scrip opened at Rs. 10.78 and has touched a high and low of Rs. 11.25 and Rs. 10.62 respectively. So far 593707 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 14.24 on 11-Jul-2016 and a 52 week low of Rs. 8.25 on 21-Nov-2016.

Last one week high and low of the scrip stood at Rs. 11.29 and Rs. 10.40 respectively. The current market cap of the company is Rs. 597.97 crore.

The promoters holding in the company stood at 0.19%, while institutions and non-institutions held 1.00% and 98.81% respectively.

Subex, a leading solution provider, has launched Subex 3.0. As part of the new strategy, the company will transition to becoming a telecom analytics solution provider which will help CSPs embrace digital transformation, from a business optimization provider. In line with this strategy, the company also unveiled a new logo, which represents a new chapter for the company. This announcement also coincides with the company’s completion of 25 years.

The new analytics based approach, which Subex 3.0 entails, will see an increased focus towards newer areas such as Business Intelligence and IoT, while continuing to build and innovate upon its core competencies.

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

Subex Share Price

9.73 0.16 (1.67%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
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