Subex Ltd Shows Resilience with Significant Trading Activity and Price Increase
Subex Ltd, a microcap in the Software Products sector, reached its upper circuit limit today, with significant trading activity and a notable price increase. The stock has shown strong performance over the past two days, outperforming its sector and maintaining good liquidity despite a slight decline in delivery volume.
Subex Ltd, a microcap player in the Software Products industry, has shown significant activity today, hitting its upper circuit limit with a high price of 15.02. The stock experienced a positive change of 0.54, translating to a 3.77% increase. The last traded price (LTP) stands at 14.85, reflecting a strong performance compared to its sector, outperforming by 4.16%.Throughout the trading session, Subex recorded a total traded volume of approximately 6.65 lakh shares, resulting in a turnover of nearly 0.98 crore. The stock has been on an upward trajectory, gaining for the last two days and achieving a cumulative return of 3.99% during this period.
In terms of moving averages, Subex's performance is notably higher than the 5-day, 20-day, 50-day, and 100-day averages, although it remains below the 200-day moving average. Despite a slight decline in delivery volume, which fell by 8.73% against the 5-day average, the stock maintains sufficient liquidity for trading.
Overall, Subex Ltd's performance today underscores its resilience in the market, marked by a notable increase in price and trading activity.
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