Technical analyst Ashish Chaturmotha of Anand Rathi Securities has maintained 'buy' rating on Subex Limited stock with a target of Rs 90.

According to analyst, the investors can purchase the stock with a stop loss of Rs 75.

The stock of the company, on December 22, closed at Rs 79.20 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 101.50 and a low of Rs 46.80 on BSE.

Current EPS & P/E ratio stood at 10.59 and 7.53 respectively.

The supplier of operations and business support systems for communications service providers declared that it has pocketed an order from an Asian operator.

The deal is valued at $3 million.

Under the contract, Subex will supply its much-admired and exclusive platform, ROC, for fraud management, revenue assurance and data integrity direction.

Mr. Sudeesh Yezhuvath, COO, Subex Ltd stated, "This contract for our ROC covering fraud management, revenue assurance and data integrity management will ensure maximum protection and revenue optimization for our customer's operations."

As per reports, the company said that as compared to the last financial year, it is eyeing a 15% growth in top-line during the existing fiscal year.

The company also said that it anticipated its top-line to surge to over 20% in the coming financial year.