Should I buy Subex stock in India in 2025?

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At HelloSafe, our expert has been tracking the performance of Subex for over three years. Every month, lakhs of users in India trust us to analyse market trends and identify the best investment opportunities. Our analyses are provided for informational purposes and do not constitute investment advice. In accordance with our ethical charter, we have never been, and will never be, compensated by Subex.

What is Subex?

What is the price of Subex stock?

The price of Subex stock is rising this week. As of now, Subex trades at around ₹14.34 per share, with a 24-hour gain of 0.70% and noticeable weekly volatility between ₹14.15 and ₹14.49. The company’s market capitalization stands near ₹7.9 billion, supported by an average daily volume of roughly 562,000 shares over the past three months. The P/E ratio is currently not available due to ongoing losses, and there is no dividend yield, while the stock’s beta is 0.88, indicating lower volatility than the broader market. Investors should note that while Subex is exposed to a high-potential sector, recent price swings reflect elevated risk and ongoing financial recovery efforts.

Our full analysis of the Subex stock

We have carefully reviewed Subex’s latest financial results, as well as the stock’s multi-year performance, applying cross-analysis techniques inspired by our proprietary algorithms. This in-depth evaluation incorporates financial ratios, technical signals, macro trends, and the latest developments among key competitors in India’s technology sector. So, why might Subex stock once again become a strategic entry point into the fast-evolving digital communications sector in 2025?

Recent performance and market context

Subex’s share price has experienced notable volatility in recent months, currently quoted at ₹14.34, with a modest daily gain of 0.70% and trading between ₹14.15 and ₹14.49 over the past week. While the stock is off its 52-week high, recent sessions show resilience with upward price support as bargain hunters revisit the telecom technology segment. Notably, after a sharp 61% drop from its peak, the stock is stabilizing near its foundational support zone, suggesting a tactical recovery may be underway.

Several recent developments have helped reinforce confidence in Subex. The company’s continued product focus on AI-driven analytics for the telecom sector has resulted in select core business units returning to profitability, with leadership stability under CEO Nisha Dutt providing added assurance. Moreover, the overall macroeconomic environment in India remains highly supportive: increased government emphasis on digital infrastructure, expanding telecom networks, and vibrant private sector competition create strong tailwinds for technology solution providers like Subex. Sector-wide, technology and digital communications remain one of India’s fastest-growing verticals, drawing investor interest amid digital transformation trends sweeping the market.

Technical analysis

From a technical standpoint, Subex is demonstrating classic signs of a potential bullish reversal. The daily Relative Strength Index (RSI) was recently neutral, supporting the view that the stock is neither overbought nor oversold, providing an ideal foundation for accumulation. Key support levels are observed at ₹14.27 and ₹13.87 (short-term moving average), while resistance stands at ₹15.14 and ₹14.33 (long-term moving average), with the price currently positioned at the lower boundary of its technical channel.

Momentum indicators such as the MACD remain constructive, and moving averages suggest a gradual stabilization after a prior period of negative momentum. A pivot point at ₹14.31 and optimistic market flows reinforce the idea that buyers are incrementally returning. For seasoned traders, such convergence between support and improving trend signals often precedes significant upside moves in fundamentally sound turnaround stories like Subex.

Fundamental analysis

Fundamentally, Subex exhibits key attributes that justify a constructive market re-evaluation. Annual revenues remain robust at ₹286 crores, while core business segments, especially in AI and advanced analytics, are inching toward breakeven, even as the company posted a net loss of ₹11.21 crores in Q1 FY2025. Importantly, Subex’s innovation-driven approach—targeting telecom service providers with mission-critical analytics, fraud detection, and risk management solutions—positions it strongly in a high-growth sector.

Although the company currently reports negative EPS, this is typical for firms undergoing deep transformation and reinvestment cycles. Subex’s price-to-book ratio (2.35–2.65x) is attractive for a technology company with global operations and a proprietary analytics platform. The market capitalization of nearly ₹7.9 billion leaves ample headroom for re-rating should operating profitability turn around. The lack of a dividend is offset by Subex’s reinvestment policy, aiming for outsized long-term earnings power, while a five-year beta below 1.0 (0.88) indicates controlled volatility, a positive for market stability.

Strategically, Subex enjoys several structural advantages:

• Industry leadership in AI and analytics solutions for a rapidly digitizing telecom sector.
• Strong brand reputation, bolstered by over two decades of innovation and reliability.
• Deep client relationships across the telecommunications spectrum, including critical engagements with communication service providers globally.
• Geographic and product diversification, with a footprint extending beyond India.

Volume and liquidity

Trading volume for Subex remains robust, with a three-month average exceeding 562,000 shares daily on the NSE and BSE combined. Sustained activity at these levels signals institutional and retail investor confidence returning after recent price stabilization. This liquidity profile is significant: it allows dynamic valuation adjustments and enables both short-term and longer-horizon investors to establish or adjust positions with minimal friction. Especially during technical inflection points or news-driven events, such liquidity is critical for capturing upside price momentum.

Catalysts and positive outlook

Subex is on the cusp of several catalysts that may unlock fresh upside. The telecom sector—both in India and globally—continues to invest aggressively in AI, cloud, and digital transformation services. Subex’s increasing focus on AI-powered risk management, predictive analytics, and digital trust solutions positions the company as an innovation leader ready to capitalize on these trends. A consistent roll-out of new software modules and upgrades helps existing clients extract greater value, while recent signs of profitability in specific core business segments indicate that management’s strategic refocus is bearing fruit.

Other upcoming positives:

• The potential for strategic partnerships with larger telecom providers, given Subex’s sector expertise and scalable product portfolio.
• India’s push for expanded broadband coverage and national digital initiatives, which will increase the addressable market for Subex’s offerings.
• Ongoing investments in R&D, which support next-generation solutions tailored to the Indian and international markets.
• The possibility of targeted M&A, as Subex’s strong brand and differentiated products make the company both an acquirer of talent and, potentially, an attractive strategic target.

With a target price set at ₹18.64—a 30% premium over current market levels—there is a clear consensus that the market has room to recognize Subex’s latent strengths as the company executes its strategic roadmap.

Investment strategies

For short-term traders, Subex appears primed for opportunistic entries at support levels, notably near ₹14.27 and ₹13.87, where buying volume has recently risen. Active participants may consider incremental positions ahead of technical breakouts, particularly if the stock closes above resistance at ₹15.14 on high volume. Tight risk controls are warranted, but the confluence of stabilizing price action and renewed momentum creates fertile ground for tactical gains.

Medium-term investors can look to Subex’s operational turnaround and gradual improvement in segment profitability as signals for building positions. With the Indian telecom sector on a secular uptrend and Subex’s robust pipeline of product releases, the stock offers exposure to technology infrastructure modernization—a compelling theme for the quarters ahead. Monitoring quarterly results for continued progress on cost controls and revenue scale will be key.

For long-term portfolio builders, Subex’s structural strengths—including defensible intellectual property, global client relationships, and commitment to innovation—support a positive thesis. The current valuation, below recent historical averages and with significant room for P/E and P/B multiple expansion as earnings improve, speaks to the potential for meaningful compounding of investor capital over several years. Subex’s story exemplifies the wave of digital transformation sweeping India’s economy, with risk-adjusted upside for patient, well-informed investors.

Is it the right time to buy Subex?

Subex’s current market trajectory, paired with its technical and fundamental strengths, increasingly supports the case for renewed investor interest. The stock is consolidating at historical lows, yet sector catalysts—including surging demand for AI-based analytics and government digital initiatives—are more compelling than ever. Volume and liquidity trends suggest the market is beginning to price in the company’s turnaround, while forward-looking indicators and analyst targets highlight the real possibility of a new bullish phase.

In summary, Subex seems to represent an excellent opportunity for investors across all time horizons. Its combination of robust sector growth, innovation-led strategy, and solidifying financials paints a compelling picture of potential upside. For those seeking exposure to India’s digital transformation through a company at the intersection of technology and telecom, Subex deserves serious consideration as a strategic position in any forward-thinking portfolio.

As the technology sector continues its relentless evolution, Subex’s positioning, supported by growing fundamentals and strong technical backdrop, justifies renewed optimism and a conviction for investors looking to capture the next wave of digital opportunity in India.

How to buy Subex stock in India

Buying Subex stock online is straightforward and secure with a regulated broker in India. Investors can choose between two main methods: purchasing shares outright (spot buying) for long-term ownership, or trading Contracts for Difference (CFDs) to speculate on short-term price movements without owning the stock. Each approach offers distinct advantages, making it easy for anyone to access the Indian stock market. You’ll find a detailed comparison of leading brokers further down the page to help you choose the right one for your needs.

Spot buying

When you purchase Subex shares “for cash,” you become a direct shareholder, with voting rights and eligibility for dividends if declared. Most brokers charge a fixed commission per transaction, typically between ₹10–₹20 per order in India.

Gain scenario

If the Subex share price is ₹14.40, you can buy around 68 shares with a ₹1,000 stake, including a brokerage fee of around ₹20.

If the share price rises by 10%, your shares are now worth ₹1,100.

Result: +₹100 gross gain, i.e. +10% on your investment.

Spot buying is ideal for investors aiming to build long-term wealth, as you retain full ownership of your shares and can benefit from any future price increase or company growth.

Trading via CFD

CFD (Contract for Difference) trading lets you speculate on the price fluctuations of Subex shares without actually owning them. Instead of a commission, you pay a “spread” (the difference between buy and sell prices) and, if you hold your position overnight, an additional financing fee. CFDs allow leveraged trading—boosting your market exposure beyond your initial deposit—so both potential profits and risks are amplified.

Gain scenario

You open a CFD position on Subex shares, with 5x leverage. This gives you a market exposure of ₹5,000 for an initial ₹1,000 margin.

If the stock rises by 8%, your position gains 8% × 5 = 40%. Result: +₹400 gain, on a bet of ₹1,000 (excluding fees).

This method is primarily for active traders looking to capitalise on short-term price swings, but bear in mind that leverage increases both potential gains and potential losses.

Final advice

Before investing, always compare broker fees, account conditions, and available tools to find the most cost-effective and secure solution for your strategy. Whether you choose spot buying for direct ownership or CFDs for leveraged trades, the right method depends on your financial objectives and your comfort with risk. Consult our broker comparison below to get started confidently.

Our 7 tips for buying Subex stock

The latest news about Subex

Subex shares show stable price action with a slight positive daily move on moderate volume. Over the last 24 hours, Subex’s stock has gained 0.70%, trading in a tight band between ₹14.34 and ₹14.42, reflecting resilience despite sector volatility and maintaining an average daily volume above 560,000 shares across the NSE and BSE.

The company formally confirmed Nisha Dutt as Managing Director & CEO, strengthening leadership continuity. This official appointment, reported last week, comes after a transitional period and reaffirms Subex’s strategic focus on AI-driven telecom and analytics for Indian and global markets, providing fresh confidence to institutional investors.

EBITDA margins are improving even as net losses persist, signaling operational progress for Subex in India. Latest quarterly disclosures highlight positive trends in core business profitability despite overall net loss, with a focus on recurring revenue streams and ongoing cost control contributing to the margin rebound.

Subex continues to supply advanced telecom analytics to leading Indian operators, deepening local market impact. Recent customer updates emphasize expanded deployments among major domestic telecom service providers, reinforcing Subex’s unique positioning as a specialized local tech partner in the Indian telecom analytics ecosystem.

Technical analysis points to short-term support, limiting downside risk near the ₹14.27 level. Recent trading sessions saw Subex shares consistently supported by the ₹14.27 mark, which is also aligned with the short-term moving average, helping maintain investor interest as the stock consolidates after previous declines.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.