Subex Ltd.

Subex is currently trading at Rs. 28.10, up by 0.20 points or 0.72% from its previous closing of Rs. 27.90 on the BSE.

The scrip opened at Rs. 28.15 and has touched a high and low of Rs. 29.50 and Rs. 27.70 respectively. So far 814144 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 82.75 on 21-Apr-2011 and a 52 week low of Rs. 22.80 on 22-Dec-2011.

Last one week high and low of the scrip stood at Rs. 29.80 and Rs. 27.55 respectively. The current market cap of the company is Rs. 201.69 crore.

The promoters holding in the company stood at 11.69% while Institutions and Non-Institutions held 17.53% and 60.67% respectively.

Subex, a leading global provider of business support systems (BSS) for communications Service Providers (CSPs), has won a million dollar contract for providing its industry leading ROC Fraud Management solution through Managed Services from IDEA Cellular for postpaid and roaming.

This is a fully outsourced Managed Services deal where Subex will be running the operator's entire fraud management operations. IDEA Cellular is the third largest mobile services operator in India, in revenue terms, with over 100 million subscribers. Subex was a partner of choice because of its domain knowledge, operation skill-sets and its ability to execute business processes based on global test practice.

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.