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IT Stocks Rise, Reaches Upper Circuit for Third Straight Trading Day

Over the course of the last five trading sessions, Subex shares have increased by more than 65 per cent. Shares of Subex Ltd continued to rise on Friday’s BSE trading session, reaching the upper circuit level for the third straight day as the stock increased by more than 10%. After announcing its cooperation with Jio Platforms earlier this week, the counter has been on the rise. Subex shares have increased by more than 65% throughout the last five trading sessions.
On Tuesday, August 2, 2022, Subex said in an exchange filing that Jio Platforms (JPL) and Subex HyperSense AI have teamed up to expand Subex’s 5G product portfolio. According to the partnership, JPL will provide telcos worldwide with its Cloud Native 5G Core and Subex’s HyperSense to enable closed-loop network automation, product performance, and customer experience analytics.
Utilising machine learning and AI, Subex’s HyperSense Platform is a single platform for data analytics and AI orchestration.
Data preparation, model creation and deployment, and insight generation are all supported by HyperSense. Additionally, the platform provides AI-driven real-time insights across 5G systems (Edge/Access/Transport/Core Networks), which are essential for a superior customer experience, effective operations, and overall corporate profitability.
“CSPs will be able to accelerate their 5G journey by utilising the power of AI by merging HyperSense with Jio Platforms’ Cloud Native 5G Core. Additionally, this collaboration would enable operators to solve various use cases related to customer experience and revenue development, “CTO of Subex, Suresh Chintada, added.
Next Monday, August 8, 2022, the company’s board will convene by video conference to discuss and approve, among other things, the Unaudited Financial Results (Standalone & Consolidated) by Indian Accounting Standards (Ind AS) for the quarter ended June 30, 2022. (Q1 FY23).
A Bengaluru-based Indian corporate software company, Subex offers communication service providers Telecom Analytics Solutions and AI-led Digital Trust products. While the IT stock has dropped more than 25% in a year, Subex shares have decreased by more than 19% this year (YTD).

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