On BSE, a huge volume of 56.31 lakh shares was recorded in the stock today. The scrip had an average daily volume of 60,417 shares in the past one quarter.
The stock hit a high of Rs 113.35 and a low of Rs 101 so far during the day. The stock had hit a 52-week high of Rs 610 on 6 September 2007 and a 52-week low of Rs 73.10 on 17 July 2008.
The stock rose a whopping 33.98% to Rs 99.35 on 13 August 2008 from Rs 74.15 on 11 August 2008.
The small-cap company had outperformed the market over the past one month till 13 August 2008, gaining 14.59% compared to the Sensex's return of 12.05%. It had however underperformed the market in the past one quarter, falling 31.46% compared to Sensex's decline of 9.91%.
The company has an equity capital of Rs 34.85 crore. Face value per share is Rs 10.
According to market buzz, the low promoter holding of 9% has suddenly triggered large-scale buying interest in the counter. However, the promoters of Subex, in a media interview today, denied knowledge of any entity accumulating the stock from open market.
The company reported a net loss of Rs 58.34 crore in Q1 June 2008 compared to a net loss of Rs 24.89 crore in Q4 March 2008. The company's sales rose 47.56% to Rs 37.88 crore in Q1 June 2008 over Q4 March 2008.
The company provides communication services. The group operates in two segments: telecom software products and telecom software services. These solutions improve the revenues and profits of the communications service providers through identification and elimination of leakages in their revenue chain.