Shares of Kernex Microsystems (India) Limited rose 5% to ₹859.55 in early trade on Tuesday after the company announced that it has secured a significant railway contract worth Rs 85.14 crore. According to the company’s stock exchange filing, the order has been awarded by North Central Railways for the provision of the Kavach (Train Collision Avoidance System), including towers and 4X48 fibre OFC as a backbone, across the Bhuteshwar (INCL) to Dholpur (INCL) section.
The contract has been granted to the Kernex-KEC Consortium, with Kernex serving as the lead member. The project has a completion timeline of 500 days from the issuance of the Letter of Acceptance (LoA) dated April 1, 2025. With this addition, the total value of Kavach-related contracts secured by Kernex Microsystems since April 2024 has reached Rs 2,470.25 crore.
As of 9:20 AM on April 2, the stock surged by ₹40.90 or 5%, locking at ₹859.55 with a market cap of Rs 14,410 crore. The year range stands at ₹335.00 – ₹1,580.00, and the P/E ratio is reported at 285.59.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
