Introduction:
Leading technology provider has secured a ₹325.33 crore order from South Eastern Railway for installing Kavach on key routes. The project aims to enhance railway safety and efficiency, reinforcing the company’s expertise in advanced train protection systems.
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Share price movement of Kernex Microsystems:
On February 28, 2025, Kernex Microsystems (India) Ltd. (NSE: KERNEX) opened at ₹886.40, up 3.98% from its previous close of ₹852.50. The stock reached a high of ₹889.70, a 4.34% rise, and a low of ₹822.50. By 10:33 AM, it traded at ₹830.00, with a market capitalization of ₹1,391.03 crore.
Kernex Microsystems Secures ₹325 Crore Order:
Kernex Microsystems has received a Letter of Acceptance (LOA) from South Eastern Railway for a ₹325.33 crore project. The contract involves the supply, installation, testing, and commissioning of Kavach on GO & GO routes in Kharagpur and Chakradharpur divisions.
The project, awarded to the Kernex-MRT Consortium, is set for completion within 1,000 days from the appointed date. Kavach, an advanced train protection system, enhances railway safety by preventing collisions and ensuring efficient signaling across critical routes.
As the lead member of the consortium, Kernex Microsystems strengthens its position in the railway automation sector. This order further reinforces the company’s expertise in deploying cutting-edge safety solutions and contributes to its long-term growth strategy.
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Recent news on Kernex Microsystems:
As of February 13, 2025, Kernex Microsystems (India) Ltd. reported a net profit of ₹7.18 crore in Q3 FY24, reversing a loss of ₹8.50 crore YoY, while sales surged 342.96% to ₹36.81 crore from ₹8.31 crore.
Stock performance of Kernex Microsystems for Period of 1 week, 6 months and 1 year:
Over the past week, Kernex Microsystems (India) Ltd. declined by 1.98%. However, the stock gained 3.34% in the last six months and delivered a strong 29.0% return over the past year, reflecting its positive long-term growth momentum.
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Shareholding pattern of Kernex Microsystems:
Particulars | Dec 2024 | Sep 2024 | Jun 2024 |
Promoter | 29.10% | 29.20% | 29.20% |
FII | 1.20% | 0.50% | 0.00% |
DII | 0.80% | 0.10% | 0.10% |
Public | 69.00% | 70.30% | 70.80% |
About Kernex Microsystems:
Kernex Microsystems (India) Ltd. (NSE: KERNEX) specializes in railway safety solutions, offering anti-collision devices, signal systems, and automatic level crossing gates. An ISO 9001:2015 certified company, it provides turnkey electronic systems and technical support for railway infrastructure.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.