Big jump in Subex stock:

SUBEX is a software product company working in the sector of Digital Trust.

On August 3, the stock of Subex hit an upper circuit of 20 percent. Let us know the reason for the upper circuit.

The company said it has struck a deal with Jio Platforms that will enhance the 5G product line of RIL's telecom business.

Subex Ltd has entered into a deal with Jio Platforms to enhance the 5G product line of the telecom business.

After this news, there was a tremendous rise in the shares of Subex and there was an upper circuit in the stock.

On August 2, Subex Ltd said in a regulatory filing that it has entered into a partnership with Jio Platforms.

Under this partnership, Jio Platforms will offer its cloud-native 5G core globally with Subex.

Jio Platforms is the digital unit of RIL. Telecom venture Reliance Jio Infocomm is also included in this unit.

At the end of the market today, the shares of Subex closed at Rs 33.30 with a gain of 20 percent.