Subex surges 32% in 2 days ahead of new product launch

The company 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

Shares of Subex moved higher by 14 per cent to Rs 59.90 on the BSE in intra-day trade on Tuesday, up 32 per cent in the past two trading days, ahead of the new product launch on Thursday, April 22.

The stock of the information technology (IT) software products company was trading at its fresh 52-week high level. In the past one month, it has rallied 65 per cent as compared to a 3.5 per cent decline in the S&P BSE Sensex. The counter has seen huge trading activity with a combined 34.5 million equity shares having changed hands on the