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.
Subex shares have surged a whopping 1,568% on the BSE from 52-week low of Rs 3.59. Shares of the Bengaluru-based technology company - Subex Ltd - rose as much as 14 per cent to hit a fresh 52-week high of Rs 59.80 after Monday's 16 per cent up move ahead of the launch of its new artificial intelligence automation platform on Thursday, April 22. "We would like to inform you that Subex will be launching the new AI automation platform on Thursday, April 22, 2021 and specific details of the same will be unveiled on the launch day," Subex said in a stock exchange filing on Monday. Subex shares we...