Subex hits 20% UC

Subex, the top gainer on the BSE currently, opened itself today at its 20% UC of the day at Rs.33.30 where it now remains locked. Volumes are up over 5.5x.

The stock hit the roof because the company announced that it has struck a deal with Jio Platforms that will augment the 5G product line of RIL's telecom business.

The company said that under this partnership, Jio would 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.

HyperSense is a unified data analytics and artificial intelligence orchestration platform, using technologies such as machine learning and AI. HyperSense assists with data preparation, model building and deployment, insight generation.