Subex jumps on entering into partnership with SkyLab
Date: 17-03-2021Subex is currently trading at Rs. 38.90, up by 1.00 points or 2.64% from its previous closing of Rs. 37.90 on the BSE.
The scrip opened at Rs. 37.90 and has touched a high and low of Rs. 39.50 and Rs. 36.75 respectively. So far 1311625 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 42.00 on 09-Mar-2021 and a 52 week low of Rs. 2.80 on 24-Mar-2020.
Last one week high and low of the scrip stood at Rs. 40.20 and Rs. 35.65 respectively. The current market cap of the company is Rs. 2087.84 crore.
The Institutions and Non-Institutions held 0.06% and 99.94%, stake in the company respectively.
Subex and SkyLab, a leader in 5G Multi-Access Edge Computing (MEC) and Industrial IoT have entered into a partnership to offer IoT and OT cybersecurity solutions and services to the maritime sector.
These solutions offered jointly by Subex and SkyLab have been successfully deployed and are already securing ships and maritime infrastructure across oceans. The industry can look up to this partnership to protect their critical assets from cyberattacks and cybercrime.
This partnership will help boost the overall cybersecurity posture of the maritime industry as ships, offshore and onshore maritime assets, communication channels and shipping infrastructure will now receive the highest levels of cybersecurity protection, threat risk management support, solutions, and services.
Subex is a leading telecom analytics solutions provider, enabling a digital future for global telcos.