Subex strengthens on collaborating with OEM
Date: 06-06-2018Subex is currently trading at Rs. 5.52, up by 0.15 points or 2.79% from its previous closing of Rs. 5.37 on the BSE.
The scrip opened at Rs. 5.38 and has touched a high and low of Rs. 5.54 and Rs. 5.38 respectively. So far 85255 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 13.13 on 15-Jan-2018 and a 52 week low of Rs. 5.30 on 05-Jun-2018.
Last one week high and low of the scrip stood at Rs. 6.38 and Rs. 5.30 respectively. The current market cap of the company is Rs. 307.42 crore.
The promoters holding in the company stood at 0.17%, while Institutions and Non-Institutions held 10.33% and 89.50% respectively.
Subex has collaborated with a large automobile Original Equipment Manufacturer (OEM) to provide cutting-edge security solution to secure Connected Car Domains.
The collaboration aims to create a framework of security resilience in the connected car and autonomous driving space. This joint development will include Subex providing vulnerability assessment, penetration testing and security modules that will be incorporated in the OEM’s new products.
Subex is a leading telecom analytics solutions provider, enabling a digital future for global telcos.