/ Subex Jumps Over 6% Board Meets For Raising Of Funds ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 22 March 2017

Subex Ltd., is trading up by 6.59% or Rs 0.68 per share as the board of directors will meet on March 24, 2017 to consider raising funds through issuance of equity shares on a preferential basis. The stock has outperformed the BSE IT index on a yearly basis. BSE IT index is trading up by over 5 points or 0.05% at 10480 levels.

Whereas, BSE Sensex is trading down by over 246 points or 0.84 points at 29239 levels; and Nifty 50 is trading down by 76 points or 0.84% at 9044 levels. Subex Limited is a holding company, which provides software products and related services to communications service providers across the world.

The company also provides implementation and customisation, support services, managed services and sub-contracting services. The scrip opened at Rs 11.25 and has touched a high and low of Rs 11.78 and Rs 11.2 respectively. So far 13042214(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 554.05 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 11.36 and Rs 10.26 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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