Subex Share Price: On August 3, the stock of Subex hit an upper circuit of 20 percent. The company said it has struck a deal with Jio Platforms that will enhance the 5G product line of RIL’s telecom business. After this news, there was a tremendous rise in the shares of Subex and there was an upper circuit in the stock.
Subex Share Price:
On August 2, Subex Ltd said in a regulatory filing that it has entered into a partnership with Jio Platforms. Subex Ltd has entered into a deal with Jio Platforms to enhance the 5G product line of the telecom business. After this news, At the end of the market today, the shares of Subex closed at Rs 33.30 with a gain of 20 percent.
Subex Ltd Share Details
Mkt cap: 1.83TCr
P/E ratio: 87.63
52-wk high: 62.50
52-wk low: 18.60
What is Subex Jio Platforms partnership?
Through this partnership, Jio will offer its cloud-native 5G core globally with Subex’s HyperSense for closed-loop network automation, product performance, and customer experience analytics.
Jio Platforms is the digital unit of RIL. It also has a telecom venture Reliance Jio Infocomm. After the news of the Subex Jio partnership came, there was a tremendous increase in the stock of Subex and the stock of Subex imposed an upper circuit of 20%.
Subex Limited Company Details!
Subex Limited is a Bangalore-based Indian enterprise software company. Subex’s HyperSense is a unified data analytics and artificial intelligence orchestration platform. It uses technologies like machine learning and artificial intelligence (AI).
Subex Hypersense helps with data preparation, model building, and deployment. Subex primarily focuses on data privacy, security, responsibility, predictability, and confidence in the telecom sector.
Statement of Jio Platforms Vice President
Ayush Bhatnagar, Vice President, Jio Platforms said, “The partnership of Jio and Subex provides new opportunities for enterprises and consumers to enable end-to-end 5G services. This partnership will also be important for Subex’s digital monetization platforms.
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