Subex shines on entering into partnership with Town of Florence

20 Jun 2019 Evaluate

Subex is currently trading at Rs. 6.20, up by 0.26 points or 4.38% from its previous closing of Rs. 5.94 on the BSE.

The scrip opened at Rs. 5.87 and has touched a high and low of Rs. 6.20 and Rs. 5.73 respectively. So far 68290 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 8.01 on 24-Jan-2019 and a 52 week low of Rs. 4.40 on 25-Sep-2018.

Last one week high and low of the scrip stood at Rs. 6.74 and Rs. 5.70 respectively. The current market cap of the company is Rs. 336.64 crore.

The promoters holding in the company stood at 0.08%, while Institutions and Non-Institutions held 0.27% and 99.64% respectively.

Subex has entered into partnership with the Town of Florence, Arizona to establish an Internet of Things (IoT) security lab in Florence. The lab is an extension of the ongoing work that Subex is undertaking in securing the critical public infrastructure of the Town of Florence.

The lab will serve to raise awareness on cybersecurity issues for citizens of Florence, lawmakers, businesses and other stakeholders. The lab is comprised of physical and virtual devices, connected networks and systems, and subsystems that raise awareness of various aspects of cybersecurity.

Through an earlier agreement, Subex is already providing end-to-end cybersecurity to the Town of Florence to detect, repel and remediate advanced threats to its most basic and vital technological systems. When Florence deploys its smart cities technologies, Subex will continue to be the cybersecurity partner of choice for all projects coming under the plan.

Subex is a leading telecom analytics solutions provider, enabling a digital future for global telcos.

Subex Share Price

30.02 0.68 (2.32%)
28-Mar-2024 16:01 View Price Chart
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