Shares of Subex Ltd have jumped 58.72% in the last 4 trading sessions from ₹27.75 to ₹43.90 after Reliance Jio Platforms inked a pact with Subex HyperSense AI to augment their 5G product line.
In the previous two trading sessions, the stock hit a 20% upper circuit on the BSE. The stock made a 52-week high on August 06, 2021, but failed to hold on to this momentum and fell 30%. However, over the last one month, the stock has risen 80% and 69.83% in the last week.
In Friday's intraday trading, the stock opened with a ₹2.05 gap up from the previous closing price of ₹39.95, and it is currently trading at ₹43.90.
The stock has climbed from ₹5.40 to ₹39.95 in the last 3 years, generating a multi-bagger return of 639.81 per cent at a time when the Sensex only had a 56 per cent rise.
On Tuesday, the company said in an exchange filing that the Jio Platforms (JPL), an Indian technology company, announced a partnership with Subex for its AI Orchestration Platform, "HyperSense," which can enable telcos to deliver on the promise of AI across the data value chain, ET reported.
As per the collaboration, the JPL will offer its cloud-native 5G core to telcos globally along with Subex’s HyperSense for enabling closed-loop network automation, product performance, and customer experience analytics.
JPL’s Cloud Native 5G Core implements the new 3GPP network architecture that will unleash the full power of 5G standalone enabling faster connectivity speeds, ultra-low latency, and network reliability.
Meanwhile, Jio Platforms Ltd. (JPL) is an Indian technology company and a subsidiary of Reliance Industries (RIL), headquartered in Mumbai.
Subex is a software product company that works in the space of digital trust. It focuses on privacy, security, risk mitigation, predictability, and confidence in data, mainly in the telecommunication space.
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