BSE Information Technology: This small-cap below Rs 50 has emerged as the Group A top gainer!
In this volatile market, the stock is up by 20 per cent.
Subex is a leader in enabling all-around Digital Trust in the business ecosystems of its customers. Focusing on risk mitigation, security, predictability, and intelligence, helps businesses embrace disruptive changes and succeed with confidence in creating a secure digital world for their customers. Through HyperSense, an end-to-end AI Orchestration platform, Subex empowers communications service providers and enterprise customers to make faster, better decisions by leveraging Artificial Intelligence (AI) analytics across the data value chain. It has more than 300 installations across 90+ countries.
The company and Jio Platforms Limited (JPL) a leading Indian Technology Company (a subsidiary of Reliance Ltd) announced a partnership for its AI Orchestration Platform, HyperSense, which can enable telcos to deliver on the promise of AI across the data value chain. As per the collaboration, 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.
Post this news the stock has rallied by 20 per cent making it the Group A gainer and currently the scrip is trading at Rs 33.30.