Subex share price rises 11% on partnership with O-RAN Alliance

Stocks

The share touched a 52-week high of Rs 35 and a 52-week low of Rs 2.80 on 08 December, 2020 and 26 March, 2020, respectively.

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var titStr=”;var editw=”; var typevar=”; var pparr= new Array(‘Monitoring your investments regularly is important.’,’Add your transaction details to monitor your stock`s performance.’,’You can also track your Transaction History and Capital Gains.’); var phead =’Why add to Portfolio?’; if(secglbVar ==1) { var stkdtxt=’this stock’; var fltxt=’ it ‘; typevar =’Stock ‘; if(lastRsrs.length>1){ stkdtxt=’these stocks’; typevar =’Stocks ‘;fltxt=’ them ‘; } } //var popretStr =lvPOPRHS(phead,pparr); //$ (‘#poprhsAdd’).html(popretStr); //$ (‘.btmbgnwr’).show(); var tickTxt =’‘; if(typparam1==1) { var modalContent = ‘Watchlist has been updated successfully.’; var modalStatus = ‘success’; //if error, use ‘error’ $ (‘.mc-modal-content’).text(modalContent); $ (‘.mc-modal-wrap’).css(‘display’,’flex’); $ (‘.mc-modal’).addClass(modalStatus); //var existsFlag=$ .inArray(‘added’,newappndStr[1]); //$ (‘#toptitleTXT’).html(tickTxt+typevar+’ to your watchlist’); //if(existsFlag == -1) //{ // if(lastRsrs.length > 1) // $ (‘#toptitleTXT’).html(tickTxt+typevar+’already exist in your watchlist’); 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//$ .each(d.ac,function(i,v) //{ // accStr+=”+v.nm+”; //}); $ .each(d.data,function(i,v) { if(v.flg == ‘0’) { var modalContent = ‘Scheme added to your portfolio.’; var modalStatus = ‘success’; //if error, use ‘error’ $ (‘.mc-modal-content’).text(modalContent); $ (‘.mc-modal-wrap’).css(‘display’,’flex’); $ (‘.mc-modal’).addClass(modalStatus); //$ (‘#acc_sel_port’).html(accStr); //$ (‘#mcpcp_addportfolio .form_field, .form_btn’).removeClass(‘disabled’); //$ (‘#mcpcp_addportfolio .form_field input, .form_field select, .form_btn input’).attr(‘disabled’, false); // //if(call_pg == “2”) //{ // adtxt =’ Scheme added to your portfolio We recommend you add transactional details to evaluate your investment better. x‘; //} //else //{ // adtxt =’ Stock added to your portfolio We recommend you add transactional details to evaluate your investment better. x‘; //} //$ (‘#mcpcp_addprof_info’).css(‘background-color’,’#eeffc8′); //$ (‘#mcpcp_addprof_info’).html(adtxt); //$ (‘#mcpcp_addprof_info’).show(); 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Subex share price rose more than 11 percent intraday on March 2 after the company formed a partnership with O-RAN Alliance.

The company in its release said that it has become a member of the O-RAN Alliance to support the development and standardisation of Open RAN (radio access networks).

The alliance is responsible for creating O-RAN standards and reference architectures to enable a more competitive and vibrant RAN supplier ecosystem with faster innovation, company said.

“As a next step towards evolving our solution, we are proud to be working with the O-RAN Alliance. Within the alliance, Subex will be extensively involved in working groups related to RAN Intelligent Controller (RIC) and will bring innovation using machine learning and deep learning technologies,” said Suresh Chintada, CTO, Subex.

At 12:41 hrs, Subex was quoting at Rs 29.90, up Rs 2.45, or 8.93 percent on the BSE.

The share touched a 52-week high of Rs 35 and a 52-week low of Rs 2.80 on 08 December, 2020 and 26 March, 2020, respectively.

Currently, it is trading 14.57 percent below its 52-week high and 967.86 percent above its 52-week low.