Big jump in Subex stock:

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

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

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

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

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

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

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

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

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