Bengaluru, Aug. 12 -- A telecom-focused technology stock surged to its upper price band after reporting a turnaround in profitability for the June quarter, aided by operational discipline, cost efficiency, and non-core gains. While revenue declined sequentially, the shift from losses to profit lifted investor sentiment.

Subex Ltd with a market capitalization of Rs. 714.87 crore, opened at Rs. 12.72, hitting the upper circuit of 4.95 percent against the previous close of Rs. 12.12.

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Quarter-on-Quarter, sales fell from Rs. 71 crore to Rs. 66 crore, a decline of 7.04 percent. Operating profit improved from a loss of Rs. 13 crore to a profit of Rs. 4 crore. Profit before tax turned positive, moving from a loss of Rs. 14 cro...