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Subex shares hit 10% upper circuit today; here is why

Subex shares hit 10% upper circuit today; here is why

The stock recorded heavy trading volume along with price action as around 11.01 lakh shares were last seen changing hands on BSE. The figure was way more than the two-week average quantity of 1.08 lakh shares.

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Prashun Talukdar
Prashun Talukdar
  • Updated Oct 10, 2025 12:10 PM IST
Subex shares hit 10% upper circuit today; here is whyThe stock surged 10 per cent to hit its upper price band of Rs 13.17.

Shares of Subex Ltd surged 10 per cent on Friday to hit their upper price band of Rs 13.17 after the company announced an overseas contract win.

The stock recorded heavy trading volume along with price action as around 11.01 lakh shares were last seen changing hands on BSE. The figure was way more than the two-week average quantity of 1.08 lakh shares.

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Turnover on the counter came at Rs 1.43 crore, commanding a market capitalisation (m-cap) of Rs 740.16 crore.

In a post-market filing on Thursday, the smallcap IT solutions provider said it has secured a six-year deal worth $6.62 million from a leading telecom operator in the Netherlands.

The agreement involves delivering a single, converged platform for MVNO billing and wholesale partner settlement, extending an existing partnership that already spans routing, interconnect, OTT, SMS, DCB and wholebuy billing.

Subex added that the contract may be extended for an additional two years, with an upward revision in commercials.

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.

ABOUT THE AUTHOR

Prashun Talukdar
Prashun Talukdar

With a long experience in the digital space, Prashun has seen it all (mostly at least). From dot-com bubbles to crypto crazes. When it comes to covering the stock markets, he is constantly on the trail to look out for the next big trend. But don't let the seriousness of the stock market fool you. Outside of work, you can often find him strolling Insta, scrolling through memes or binge-watching cartoons.

And when Prashun is not glued to his phone, he's checking out the latest automobile launches – because let's face it, who doesn't love a good car or bike show? So, watch this space for reading regular updates and insights into the world of stock markets. Motto: Live and let live!

Published on: Oct 10, 2025 12:10 PM IST
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