Subex shares slip 8 percent

Bangalore: After opening the account on positive note, Subex could not carry the gain momentum throughout the day and ended the trading with a loss of 8.20 percent (7.50). During the whole day trading, Subex touched a high of 92.85 and low of 82.55. Overall 415,737 shares were traded throughout the day, with a current P/E ratio at 8.13. The 52 week stock price chart is on the left.

Subex is a global provider of operations support system (OSS) solutions for telecom applications. The company is organized into three business units (BU): Revenue Maximization Solutions BU, Fulfilment and Assurance Solutions BU and BT Business BU. The products of the company include Nikira Fraud Management System, Moneta Revenue Assurance System, Prevea Risk Management System, Optima Route Optimization System, Concilia Interconnect Billing System, Syndesis Application Configuration Manager, Syndesis Express, Syndesis NetProvision, Syndesis TrueSource, Syndesis Adaptive Resource Manager, Syndesis Controller and Syndesis NetOptimizer. The subsidiaries of the company include Subex Technologies, Subex (UK) and Subex Americas.

Other OSS solutions provider also could not do much and ended the trading in red zone. Tech Mahindra, Nucleus Software and Blue Star Infotech slipped 0.77, 0.83 and 6.48 percent respectively. With 319,932 units of shares, Birla Sun Life Long Term Advantage Fund holds the largest number of shares in the company.