Subex fell 3.38% to Rs 14 at 10:54 IST on BSE as the shares allotted by the company upon conversion of bonds were admitted for trading on the bourses today, 3 February 2015.
Meanwhile, the BSE Sensex was up 10.81 points, or 0.04%, to 29,133.08.
On BSE, so far 3.71 lakh shares were traded in the counter, compared with an average volume of 5.53 lakh shares in the past one quarter.
The stock hit a high of Rs 14.80 and a low of Rs 13.60 so far during the day. The stock hit a 52-week high of Rs 15.80 on 14 November 2014. The stock hit a 52-week low of Rs 7.74 on 24 June 2014.
The stock had outperformed the market over the past one month till 30 January 2015, rising 22.94% compared with 6.49% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 48.23% as against Sensex's 6.72% rise.
The small-cap company has an equity capital of Rs 181.32 crore. Face value per share is Rs 10.
Around 24.59 lakh equity shares were admitted to trading on stock exchanges today, 3 February 2015. Subex allotted these shares at Rs 22.79 each upon conversion of $1 million out of the company's $127.72 million, 5.70% secured convertible bonds due 2017 on 30 December 2014.
Subex's consolidated net profit jumped 516.7% to Rs 9.62 crore on 5.4% rise in total income to Rs 90.51 crore in Q2 September 2014 over Q2 September 2013.
Subex is a leading provider of Business and Operations Support Systems (B/OSS) that empowers communications service providers (CSPs) to achieve competitive advantage through Business and Capex Optimisation - thereby enabling them to improve their operational efficiency to deliver enhanced service experiences to subscribers.
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