Subex is currently trading at Rs. 30.15, up by 0.60 points or 2.03% from its previous closing of Rs. 29.55 on the BSE.
The scrip opened at Rs. 29.90 and has touched a high and low of Rs. 30.35 and Rs. 29.00 respectively. So far 1119774 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 35.00 on 08-Dec-2020 and a 52 week low of Rs. 2.80 on 26-Mar-2020.
Last one week high and low of the scrip stood at Rs. 31.55 and Rs. 28.00 respectively. The current market cap of the company is Rs. 1655.10 crore.
The Institutions and Non-Institutions holding in the company stood at 0.71% and 99.29% respectively.
Subex has partnered with Telefonica, one of the largest mobile network providers in the world, to provide the latest version of ROC Fraud Management. As part of the engagement, the operator will be deploying Subex's ROC Fraud Management, to all opcos in Telefonica's Hispam unit: Argentina, Chile, Venezuela, Ecuador, Mexico, Peru, Uruguay, and Colombia.
Through ROC Fraud Management, Telefonica can leverage the solution's Big Data Hadoop architecture to reduce fraud detection time, improve scalability, and ease integration with Telefonica's local data lakes. The solution will also enable Telefonica to reduce the Total Cost of Ownership (TCO), owing to its Open Source capabilities, and its low hardware footprint. Finally and more importantly, Telefonica can leverage the AI/ML and Signaling Intelligence capabilities of ROC Fraud Management to detect and prevent traditional and new-age frauds across voice, data, and digital services.
Subex is a leading telecom analytics solutions provider, enabling a digital future for global telcos.