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Subex zooms 44% in 2 days after pact with Reliance's arm Jio Platforms

Earlier, Subex and JPL announced partnership for AI Orchestration Platform, HyperSense, which will enable telcos to deliver on the promise of AI across data value chain.

reliance jio, RIL
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Jio’s problem is that subscriber growth is dependent on competitive tariffs — it offers a 15 to 20 per cent discount over its rivals. Any tariff hike can, therefore, stifle net subscriber growth

SI Reporter Mumbai
Shares of Subex were locked in upper circuit for the second straight day, up 20 per cent at Rs 39.95 on the BSE on Thursday. The stock zoomed 44 per cent in two days after Jio Platforms inked pact with Subex HyperSense AI to augment their 5G product line.

Till 11:42 am; a combined 31.72 million equity shares have changed hands and there were pending buy orders for 4.3 million shares on the NSE and BSE. In comparison, the S&P BSE Sensex was down 0.80 per cent at 57,886 points. In the past one week, the stock surged 55