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On Friday, the stock of software products firm ended 20% higher on the development. The stock opened higher at Rs 35.19 on BSE today.

Shares of Subex Ltd were locked in upper circuit for the third consecutive session today after the firm announced a partnership for its AI Orchestration Platform, HyperSense, with Jio Platforms. The move will augment the 5G product line of Reliance Industries telecom business.

Shares of Subex zoomed 20% today after the software company said it has announced a partnership for its AI Orchestration Platform, HyperSense, with Jio Platforms that will augment the 5G product line of Reliance Industries telecom business. Subex stock was stuck in the upper circuit of 20% at Rs 33.30 against the previous close of Rs 27.70 on BSE.

SPIISEE is Showcasing its Partner Ecosystem Management Solutions at ChannelNEXT West.

Subex fell 6.19% to Rs 58.30 after the company's consolidated net profit tanked 51.2% to Rs 15.60 crore on 7.8% decline in revenues to Rs 96.20 crore in Q4 March 2021 over Q4 March 2020. Profit before tax (PBT) dropped 39.2% to Rs 22.19 crore in Q4 FY21 from Rs 36.50 crore in Q4 FY20. Sequentially, the company's net profit surged 79.3% and revenues increased 2.4% in Q4 March 2021 over Q3 December 2020. EBITDA grew 13.8% to Rs 23.10 crore in Q4 FY21 as against Rs 20.30 crore in Q3 FY20. The board has recommended a final dividend of Rs 0.25 per equity share for the FY 2020-21. Commenting on t...