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Business/Economy

This IT stock jumped 45% in two days, know the real reason for this rise

IT Stocks

The shares of IT company Subex Ltd are seeing a rise for the second consecutive day. The company’s stock on BSE climbed to the level of Rs 39 with a rise of 18% in early trade on Thursday.

The shares of IT company Subex Ltd are seeing a rise for the second consecutive day. The company’s stock on the BSE climbed to the level of Rs 39 with a rise of 18% in early trade on Thursday. Since the announcement of partnership with Jio platform, there is a jump in the shares of the company. In the last trading session, the company’s shares were locked with an upper circuit of 20%. Let us tell you, in the last two days, the shares of Subex Ltd. have seen a jump of 45%.

On Tuesday, the company told in the information given to the exchange that there has been an important partnership between Jio Platforms and Subex for 5G products. As per the deal, Jio Platforms will offer its cloud native 5G core to telcos globally in collaboration with Subex’s HyperSense to enable closed loop network automation, product performance and customer experience analytics. Since the news of this deal came out, the company’s shares have been seeing a steady rise.

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