Trending stock: Shares of Subex Ltd surged 51% in the last 4 trading sessions
The announcement of a collaboration with Jio Platforms Ltd has turned the tables for the company.
The shares of Subex Ltd are trending on the bourses today. With a 20% surge in the share price in today’s session, the company topped the list of gainers from Group A on BSE.
Since Monday, the company’s share price has only moved upwards. On Monday (01 August 2022), the share price of Subex Ltd stood at Rs 26.3. Today (04 August 2022), the share price stands at Rs 39.95, hitting its upper circuit. This price movement signifies an appreciation of 51%, which is no mean feat.
What led to this outstanding performance?
The rally in the share price of Subex Ltd came on the back of an announcement made by the company on Tuesday.
As per the exchange filing, Jio Platforms Limited (JPL), a leading Indian technology company (a subsidiary of RIL), announced a collaboration with Subex for its AI orchestration platform - HyperSense, which can enable telcos to deliver on the promise of AI across the data value chain. In this partnership, 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.
Subex Ltd is a Bengaluru-based software company and is a part of the S&P BSE SmallCap index. It is a pioneer in the space of Digital Trust, providing solutions for 75% of the world’s top 50 telcos. The company operates as a consultant to global telecom carriers for operational excellence and business transformation by driving new revenue models, enhancing the customer experience and optimizing the enterprise. With more than 25 years of industry experience, the company has a presence in over 100 countries across the world.
The shares of Subex Ltd have a 52-week high and low of Rs 61.95 and Rs 18.70, respectively on BSE. Today, 56,26,871 shares of Subex Ltd were traded on the BSE.
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