Kernex shares hit 5% upper circuit after company secures Rs. 2,041 crore KAVACH order for railway safety

Kernex Microsystems (India) Ltd. shares surged by 5% on Tuesday, hitting an all-time high and reaching the upper circuit of ₹1,317.15. The rally comes after the company announced securing a prestigious order worth ₹2,041.04 crore from Chittaranjan Locomotive Works under the Ministry of Railways.

The contract involves the supply, installation, testing, and commissioning of 2,500 units of the KAVACH system, a state-of-the-art Train Collision Avoidance System (TCAS). Developed as a key safety technology, KAVACH aims to enhance railway operations and prevent train collisions. Kernex, a trusted and RDSO-approved vendor, has been instrumental in implementing this technology for Indian Railways.

The project, expected to be completed within 12 months, marks a significant milestone in improving India’s railway safety infrastructure. With over three decades of expertise in railway safety systems, Kernex Microsystems continues to lead the signaling industry, delivering innovative and robust solutions.

Over the past month, the stock has gained an impressive 64.44%, and year-to-date returns stand at 123.74%. The project is expected to be completed within 12 months, solidifying Kernex’s leadership in railway signaling and safety systems. Investors responded positively, propelling the stock into its upper circuit, further demonstrating confidence in the company’s growth trajectory.