Skip to main content

Subex, Global Vectra

SUBEX, a global provider of OSS solutions, seems to be on the radar of a large company, raising comparisons to Orchid Chemicals. According to market buzz, the low promoter holding of 9% has suddenly triggered large-scale buying interest in the counter. The stock was up 19% to close at Rs 99 against the market trend. The stock had touched a low of Rs 73 and has a 52-week high of Rs 610. Around 1 crore shares were traded on both the exchanges, which is equal to nearly 30% of the total shares of the company.

The buzz is that a large company is finding the valuations very attractive at these levels and has been buying in the market through various fronts and is a potential acquirer. Subex’s client list includes 32 of the world’s 50 largest telecommunications service providers and has 150 installations in over 60 countries. It is expected to be in the black from the next quarter onwards. Its book value stands at Rs 218, much below the current market price. Also, the June quarter shareholding pattern on NSE suggests minor increase in the promoters’ holding in the company.

GLOBAL Vectra Helicorp, the country’s leading provider of helicopter services to the oil and gas sector, is believed to be in talks with potential players for a minority stake dilution. A source close to the development said the company has received proposals from private equity players and FIIs, wanting to pick up a stake. It is further learnt that Global Vectra has been vetting some proposals and a final decision would be taken soon. When contacted, Global Vectra Helicorp CFO Vikram Kakaiya told ET: “Some institutions may be picking up shares from the open market.” Analysts said Global Vectra’s profit declined due to increasing ATF cost, which has impacted the aviation industry globally. The industry needs to consolidate or obtain funding to run the business. The company has recently entered into a 2-year ATF contract with RIL and ONGC to hedge its jet fuel purchases.


Popular Posts

Your Bill Amounts Are Going To Increase From June 1, 2016

Service tax is a tax levied by the government on service providers on certain service transactions, but is actually borne by the customers. It is categorized under Indirect Tax and came into existence under the Finance Act, 1994. Union Finance Minister, Arun Jaitley, in his budget announcements proposed to impose a cess, called the Krishi Kalyan Cess, @ 0.5% on all taxable services. The present rate of service tax will be hiked to 15 per cent from June 1, 2016, from 14.5 per cent. Take a look at what gets expensive:

Phone Bills: Your phone bills are going to go up. So, pay a good 15 per cent now on service tax on phone bills.

Restaurant Bills :If you are dining in a restaurant that already has service tax applicable, you are going to pay more on your eating out. Though 0.5 per cent on a single bill may not mean much, frequent diners may end-up paying a lot during the year.

Travelling: You will have to pay more for air travel, as there is a service tax on tour operators and travel agents.

NSE Level 3 Data

Before we get into details of NSE Level 3 Data, it is important to first understand the basic operations of the stock market.  All publicly traded equities have a bid price and an ask price when they are bought and sold. The bid is the highest price a trader( or an investor) is willing to purchase a stock. The ask is the lowest price in which he is willing to sell a stock.

Depth of the Market(DOM):Looking at a Level 1, Level 2 or Level 3 quotes can give a trader, a basic idea of how a stock is performing at any given time.

Level 1 Market Data provides the basic market data which includes Bid price, Bid size, Ask price and Ask size.

Level 2 Market Data provides more information than Level I data. Mainly, it doesn't just show the highest bid and offer, but also shows bids and offers at other prices. Now level 2 provides market depth data upto 5 best bid and ask prices.

Level 3 Market Data provides market depth data upto 20 best bid and ask prices .  This primarily used by brokers and ma…

Moneycontrol Terminal - Streaming Live Quotes

Moneycontrol has introduced a new feature Moneycontrol Terminal - an enhanced version of real time price updates. Though there were live quotes provided by the website previously, the present form  gives a better update of live quotes of indices and stocks.

This terminal provides live streaming quotes for both NSE and BSE free. It also provides quotes for most of the indices and also the constituents/stocks of the indices in BSE and NSE.  The terminal also provides live news and other market news, which might be useful for traders. The hardware recommended is minimum of 1 GB RAM.

It would be better if stock of any choice could be added ( market watch of a set of stocks ), which would be easier to track one's trading positions. Anyway, this is a better alternative for people who don't have access to any trading software, to view live action of the markets.

You could just try the same here at Moneycontrol Terminal