/ IT Stocks Gain Subex Up By 13.71% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 3 February 2017


The Sensex which was trading down in the first half of the session has turned green, up by 24.55 points; and the BSE IT index is trading with gains, being up by a whopping 97.72 points or 1.01%.

TCS and Tech Mahindra are contributing 59.49 points to the gain of BSE IT index, with Subex leading the legion.

The advance and decline ratio of the index stands at 36/20; whereas 2 stocks remain unchanged.

Subex witnessed a spurt in volume by more than 9 times. In the last one year, the stock has surged by 23.20%. The stock is trading with a P/E of 7.09. Subex Ltd is currently trading at Rs 11.84, up by Rs 1.34 or 12.76% from its previous closing of Rs 10.5 on the BSE.

The scrip opened at Rs 10.59 and has touched a high and low of Rs 12.1 and Rs 10.41 respectively. So far 43009621(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 532.25 crore.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 14.24 on 11-Jul-2016 and a 52 week low of Rs 8.25 on 21-Nov-2016. Last one week high and low of the scrip stood at Rs 10.7 and Rs 9.58 respectively.

The promoters holding in the company stood at 0.19 % while Institutions and Non-Institutions held 1.65 % and 98.11 % respectively.

The stock is currently trading above its 200 DMA.

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