{"id":9693,"date":"2022-08-04T17:42:02","date_gmt":"2022-08-04T12:12:02","guid":{"rendered":"https:\/\/www.tickertape.in\/blog\/?p=9693"},"modified":"2022-08-24T13:43:21","modified_gmt":"2022-08-24T08:13:21","slug":"subex-locked-in-20-upper-circuit-find-out-why","status":"publish","type":"post","link":"https:\/\/www.tickertape.in\/blog\/subex-locked-in-20-upper-circuit-find-out-why\/","title":{"rendered":"Subex Locked in 20% Upper Circuit. Find Out Why"},"content":{"rendered":"\n<p>Software company <a href=\"https:\/\/www.tickertape.in\/stocks\/subex-SUBX?checklist=basic&amp;utm_source=blog&amp;utm_medium=article\" target=\"_blank\" rel=\"noreferrer noopener\">Subex<\/a> rallied 20% after announcing a partnership for HyperSense, its AI Orchestration Platform, with Jio Platforms. The platform will augment the 5G product line of <a href=\"https:\/\/www.tickertape.in\/stocks\/reliance-industries-RELI?&amp;utm_source=blog&amp;utm_medium=article\" target=\"_blank\" rel=\"noreferrer noopener\">Reliance Industries Ltd\u2019s (RIL)<\/a> telecom business.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.tickertape.in\/blog\/subex-locked-in-20-upper-circuit-find-out-why\/#About-Subex\" title=\"About Subex\">About Subex<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.tickertape.in\/blog\/subex-locked-in-20-upper-circuit-find-out-why\/#About-the-collaboration\" title=\"About the collaboration\">About the collaboration<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.tickertape.in\/blog\/subex-locked-in-20-upper-circuit-find-out-why\/#Market-reaction-to-the-deal\" title=\"Market reaction to the deal\">Market reaction to the deal<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"About-Subex\"><\/span><strong>About Subex<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Subex provides operations and business support systems to communication service providers (CSPs) in the telecom industry. It offers software products and related services such as Business Assurance, HyperSense, Network Asset Management, Fraud Management, Capacity Management, and others.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"About-the-collaboration\"><\/span><strong>About the collaboration<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>As per the collaboration, along with Subex&#8217;s HyperSense, Jio Platforms will offer Cloud Native 5G Core to telcos across the globe to enable closed-loop network automation, product performance, and customer experience analytics.<\/p>\n\n\n\n<p>Aayush Bhatnagar, Senior Vice President of Jio Platforms, said, &#8220;The JPL and Subex partnership provides new opportunities to enable end-to-end 5G services for enterprises and consumers. JPL&#8217;s 5G stack complements the digital monetisation platforms of Subex to enable a wide range of 5G use cases\u201d.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Market-reaction-to-the-deal\"><\/span><strong>Market reaction to the deal<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>After the news, Subex was stuck in the upper <a href=\"https:\/\/blog.tickertape.in\/stock-trading-halt-circuit-breaker-and-its-significance\/\" rel=\"nofollow noopener\" target=\"_blank\">circuit<\/a> of 20% on BSE at Rs. 33.30 compared to its previous close of Rs. 27.70. The company\u2019s market cap rose to Rs. 1,871.47 cr.<\/p>\n\n\n\n<p>The stock trades higher than the 5-day, 20-day, 50-day, and 100-day moving. However, it is lower than the 200-day moving average. So far in the year, the stock has lost 38.56%. Notably, it gained 26.62% in just a week because of its partnership with RIL.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Subex was locked in the upper circuit of 20% after announcing a collaboration with Reliance. Read more about what the collaboration entails.<\/p>\n","protected":false},"author":27,"featured_media":9695,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"no","_lmt_disable":"no","footnotes":""},"categories":[1744],"tags":[],"acf":[],"modified_by":null,"jetpack_featured_media_url":"https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2022\/08\/14-1024x533@2x.png?wsr","_links":{"self":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/9693"}],"collection":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/comments?post=9693"}],"version-history":[{"count":2,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/9693\/revisions"}],"predecessor-version":[{"id":9697,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/9693\/revisions\/9697"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media\/9695"}],"wp:attachment":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media?parent=9693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/categories?post=9693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/tags?post=9693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}