Subex is currently trading at its upper circuit limit of Rs. 33.30, up by 5.55 points or 20.00% from its previous closing of Rs. 27.75 on the BSE.
The scrip opened at Rs. 33.30 and has touched a high and low of Rs. 33.30 and Rs. 32.40 respectively. So far 888128 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 62.50 on 03-Aug-2021 and a 52 week low of Rs. 18.70 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 33.30 and Rs. 25.60 respectively. The current market cap of the company is Rs. 1559.56 crore.
The Institutions and Non-Institutions held 0.94% and 99.07% stake respectively in the company.
Subex has entered into partnership with Jio Platforms (JPL) 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.
JPL’s Cloud Native 5G Core implements the new 3GPP network architecture that will unleash the full power of 5G standalone enabling faster connectivity speeds, ultra-low latency, and network reliability. These capabilities, combined with network automation, network slicing and edge computing, are instrumental to address multiple verticals and enable an ecosystem for innovation with use cases such as: enhanced mobile broadband (eMBB), Ultra Reliable Low Latency Communication (uRLLC) and massive Machine Type Communication (mMTC). Jio’s 360 degree Automation Platforms and Open API based OSS platforms provides faster integrations to multi-party 5G BSS systems.
Subex is a leading telecom analytics solutions provider, enabling a digital future for global telcos.