Subex in bull mode: Shares surges over 4%
Subex Ltd is trading in bullish mode galloping over 4% in the first half of the Friday’s trade on BSE. The total traded quantity of the stock stood at 12.11 lakhs on BSE.
Subex America’s Inc’s. an overseas subsidiary of the company has repaid principal amounts of loans availed by it aggregating to USD 12,000,000 in the following manner:
1. USD 6,000,000 in aggregate to QVT Fund LP, Quintessence Fund LP, Quintessence Fund V LP & QVT FUND IV Ltd.
2. USD 6,000,000 in aggregate to Manchester Securities Corporation & Leeds (Mauritius) Ltd.
BSE IT index is trading in a bearish mood trading low over 82 points or 0.84% at 10103 levels at 10:58 IST. While peeking in NIFTY IT The index is slipping in trade over 87 points or 0.82% at 10,458.60 levels.
Subex Limited is a holding company, which provides software products and related services to communications service providers across the world.
Stock view:
Subex Ltd is currently trading at Rs 11.36, up by Rs 0.33 or 2.99% from its previous closing of Rs 11.03 on the BSE.
The scrip opened at Rs 11.59 and has touched a high and low of Rs 11.78 and Rs 11.35 respectively. So far 6996992(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 619.89 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 11.47 and Rs 10.92 respectively.
The promoters holding in the company stood at 0.19 % while Institutions and Non-Institutions held 1 % and 98.76 % respectively.
The stock is currently trading above its 50 DMA.
Subex America’s Inc’s. an overseas subsidiary of the company has repaid principal amounts of loans availed by it aggregating to USD 12,000,000 in the following manner:
1. USD 6,000,000 in aggregate to QVT Fund LP, Quintessence Fund LP, Quintessence Fund V LP & QVT FUND IV Ltd.
2. USD 6,000,000 in aggregate to Manchester Securities Corporation & Leeds (Mauritius) Ltd.
BSE IT index is trading in a bearish mood trading low over 82 points or 0.84% at 10103 levels at 10:58 IST. While peeking in NIFTY IT The index is slipping in trade over 87 points or 0.82% at 10,458.60 levels.
Subex Limited is a holding company, which provides software products and related services to communications service providers across the world.
Stock view:
Subex Ltd is currently trading at Rs 11.36, up by Rs 0.33 or 2.99% from its previous closing of Rs 11.03 on the BSE.
The scrip opened at Rs 11.59 and has touched a high and low of Rs 11.78 and Rs 11.35 respectively. So far 6996992(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 619.89 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 11.47 and Rs 10.92 respectively.
The promoters holding in the company stood at 0.19 % while Institutions and Non-Institutions held 1 % and 98.76 % respectively.
The stock is currently trading above its 50 DMA.
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