Shares of Kernex Microsystems (India) surged 4.99% to ₹1,292.90 in early trade on Monday after the company announced a major order win from Indian Railways. The joint venture consortium—Kernex-KEC—secured a Letter of Acceptance (LoA) worth ₹182.81 crore from Western Railway for the deployment of KAVACH, the Train Collision Avoidance System.
The contract involves the implementation of KAVACH Version 4.0 (or latest) and a communication backbone using UHF and OFC technologies on the Palanpur–Samakhiyali–Gandhidham section under the Ahmedabad Division. The project is slated for completion in 730 days, with Kernex holding a 70% stake in the consortium.
Kernex, known for manufacturing railway safety systems, also reported robust Q4 FY25 results. The company’s consolidated net profit surged 358.2% YoY to ₹32.59 crore, while total income rose 829.9% to ₹83.69 crore.
As of 9:23 AM on June 9, Kernex shares were trading at ₹1,292.90 with a market cap of ₹21.67 billion and a P/E ratio of 43.14.
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