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Subex is currently trading at Rs. 35.90, up by 1.00 points or 2.87% from its previous closing of Rs. 34.90 on the BSE.
The scrip opened at Rs. 35.40 and has touched a high and low of Rs. 36.40 and Rs. 35.10 respectively. So far 134564 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 85.75 on 04-Jan-2011 and a 52 week low of Rs. 28.00 on 16-Nov-2011.
Last one week high and low of the scrip stood at Rs. 36.10 and Rs. 32.00 respectively. The current market cap of the company is Rs. 241.89 crore.
The promoters holding in the company stood at 11.69% while Institutions and Non-Institutions held 18.03% and 57.10% respectively.
Subex has received its board’s approval to mop up $135 million through issue of Foreign Currency Convertible Bonds (FCCBs), subject to the approval of the shareholders. The company has two tranches of FCCBs with the total redemption value of $131 million, which it needs to redeem in March 2012 and the current fund raise is to meet that obligation.
The company has been recording strong growth and profitability in its continuing product business (Business optimization or RMS). In Q2, revenue for this segment grew 26% Y-o-Y. Consequent to the sale of its Activation products, the company has put more emphasize in Business Optimization or RMS. This segment, which is the area in which the company has been operating traditionally, is the fastest growing segment in telecom BSS space.
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.
| Company Name | CMP |
|---|---|
| TCS | 3850.00 |
| Infosys | 1443.75 |
| HCL Tech. | 1340.10 |
| Wipro | 462.35 |
| Tech Mahindra | 1305.70 |
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MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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