Subex trades higher on the bourses

Subex is currently trading at Rs. 11.51, up by 0.31 points or 2.77% from its previous closing of Rs. 11.20 on the BSE. The scrip opened at Rs. 11.20 and has touched a high and low of Rs. 11.75 and Rs. 10.72 respectively. So far 150008 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 13.30 on 23-May-2014 and a 52 week low of Rs. 4.41 on 02-Aug-2013. Last one week high and low of the scrip stood at Rs. 12.44 and Rs. 10.26 respectively. The current market cap of the company is Rs. 194.80 crore. The promoters holding in the company stood at 3.89% while Institutions and Non-Institutions held 0.11% and 94.93% respectively. Subex will be leading the Capital Asset Management catalyst that will be demonstrated at TM Forum Live 2014, Nice, France. The goal of the project is to demonstrate a comprehensive, repeatable and scalable approach to understand and effectively manage all facets of network asset management. Smarter network capital spending is now a critical need across operators. Effective, demonstrable programs around capital expenditure and network asset lifecycle management are rapidly becoming a boardroom level issue for telecoms operators. Implementing a comprehensive solution of Network Asset Management which manages, oversees, and predicts all facets of network capital expenditure is now required to provide management with the right actionable intelligence to make more informed and better capex decisions. To explore more into the Asset Management space, Subex and other participating companies, along with TM Forum and Operator champion Econet have recently launched the Asset Management Project, to bring standards into the Network Capex and Network Optimization practices within operators globally.