This small-cap mega multi-bagger stock jump over 1,900 per cent in just 63 weeks

The stock has almost unchanged on an MTD basis and this could be because the stock might be consolidating after a dream run of over 1,900 per cent from the low of Rs 2.90, which was registered in the month of March last year. Besides, on a YTD basis, it’s up by almost 109 per cent.   

The Indian benchmark indices have found their mojo back and were seen soaring on Tuesday with Nifty inching closer to its all-time high while Sensex went past its important psychological mark of 53,000 mark. Moreover, the broader indices, which were seen underperforming off late have once again taken centre stage and were seen outperforming the frontline indices.   

Subex, which is a pioneer in enabling digital trust for businesses across the globe, is seen buzzing on the bourses as it's trading up by nearly 8 per cent while it's just 12 per cent away from its 52-week low. However, the question is - Why is the stock buzzing today? Subex and Spire Solutions, the Middle East & Africa’s leading value-added distributors (VAD), have announced a strategic tie-up to address the steep rise in cyberattacks and associated cyber risks in the region.   

Read here: 

https://www.dsij.in/DSIJArticleDetail/ArtMID/10163/ArticleID/18980/Subex-partners-with-Spire-Solutions-wins-project-from-oil-gas-entity-in-Middle-East 

The stock has almost unchanged on an MTD basis and this could be because the stock might be consolidating after a dream run of over 1,900 per cent from the low of Rs 2.90, which was registered in the month of March last year. Besides, on a YTD basis, it’s up by almost 109 per cent.   

The stock’s lifetime is at Rs 790 and it is still trading way below its all-time high, which was seen in the year 2007. Technically, the stock is a classical uptrend as it has formed a sequence of higher high & higher low on a high timeframe.