In today's drastic fall, Subex performed pretty well with a gain of 2.8% (NSE). In last two trading sessions, we have seen big jump in volume in this counter. Technically Subex looks very strong and it is expected to touch Rs 16, if market condition doesn't further weaken.
Subex is a software company. In 2014-15, its revenue was 305.67 crores and incurred a loss of 26.85 crores. However, in the first half of the current financial year, it has turned around and made a profit of 16.95 crores against a loss of 25.50 crores during the same period in the last financial year. Subex has off-late allotted shares pursuant to the conversion of foreign currency convertible bonds.
Call Start Date : 04-Jan-2015
1st Target : Rs 15
2nd Target : Rs 18
Stop loss : Rs 9.75
Call Status : Open
For more stock recommendation click here
Disclaimer : Have interest.
Subex is a software company. In 2014-15, its revenue was 305.67 crores and incurred a loss of 26.85 crores. However, in the first half of the current financial year, it has turned around and made a profit of 16.95 crores against a loss of 25.50 crores during the same period in the last financial year. Subex has off-late allotted shares pursuant to the conversion of foreign currency convertible bonds.
Call Start Date : 04-Jan-2015
1st Target : Rs 15
2nd Target : Rs 18
Stop loss : Rs 9.75
Call Status : Open
For more stock recommendation click here
Disclaimer : Have interest.
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