Shares of this software company jumped more than 50 per cent in the last 4 trading sessions
Announcement of a collaboration with one of the leading Indian technology companies is the secret to this stellar performance.
The shares of Subex Ltd are buzzing on the bourses today. In today’s session, the company witnessed a 20 per cent surge in the share price, post which, the company topped the list of gainers from Group A on BSE.
Since the start of the week, 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 per cent, which is no mean feat.
What is the secret of 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.
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.