Kernex Microsystems (India) Limited saw its shares jump sharply by over 10% today following an important regulatory approval. The company has received the green light from the Research Designs and Standards Organization (RDSO) for Version 4.0 of its flagship Kavach System.
With this approval, Kernex is now set to begin deliveries of the Kavach System (Version 4.0) for all accumulated orders received since 1st April 2024, in collaboration with its consortium and joint venture partners. The total order book approved for delivery stands at an impressive ₹3,346.35 crore (including GST).
This milestone not only reinforces Kernex’s leadership in rail safety and signaling technology but also opens the door for significant revenue recognition from its robust order pipeline. Investors reacted positively, sending the stock sharply higher in today’s trade.
Kernex shares were up 9.61% at ₹1,344.00 apiece around 12.51 pm. It has declined 4.89% this year, so far.
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