Subex does not have a positive track record: Sunil Shah

ET Now spoke to Sunil Shah, Director Equities, Indsec Securities & Finance Ltd, on his views on stocks.

ET Now: What's your outlook on Subex?

Sunil Shah: Unfortunately this company does not have a very positive track record or the acquisition that the company had done and the guidance which was given by the management on a periodic basis was actually not met by the company.

That was really one of the dampeners for the stock which had put most of the institutional investors too on a negative footing but two events which have happened - placement and the order book - could really spark some rally in the stock but the rerating for the stock will certainly be unlikely given that the past is not very encouraging for Subex and the management's guidance have faltered for a really long time.