Subex shares rose 30% in two sessions; here's why
On Friday, the stock of software products firm ended 20% higher on the development. The stock opened higher at Rs 35.19 on BSE today.
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On Friday, the stock of software products firm ended 20% higher on the development. The stock opened higher at Rs 35.19 on BSE today.
Subex share price: On technical setup, the counter's 14-day relative strength index (RSI) came at 44. A level below 30 is defined as oversold while a value above 70 is considered overbought. The company's stock has a negative price-to-earnings (P/E) ratio of 23.12. It has a price-to-book (P/B) value of 3.75.
Multibagger stock: Genesys International shares, which closed at Rs 28.75 on May 18, 2020, rose to a high of Rs 356.50 on the BSE today (May 19, 2023).
The Board of Directors of Subex Limited, at its meeting held today have approved the financial results of the company for the period ended December 31, 2022 - Q3FY23 and 9MFY23.
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