Introduction:
Railway company has secured a ₹2,041.40 crore order from Chittaranjan Locomotive Works for the supply, installation, testing, and commissioning of On-board KAVACH equipment, marking a significant step toward enhancing railway safety and modernization in India.
Share Price movement of Kernex Microsystems (India):
On December 6, 2024, shares of the Kernex Microsystems (India) (NSE: KERNEX) opened at ₹1129.95 and surged to ₹1137.90, marking a 5% increase from the previous close of ₹1083.75. The stock reached an intraday low of ₹1105.60, with a market cap of ₹1,907.05 crore.
Kernex Microsystems (India) New Order:
Kernex Microsystems (India) Limited has been awarded a ₹2,041.40 crore order by Chittaranjan Locomotive Works (CLW). The order is for the supply, installation, testing, and commissioning of On-board KAVACH equipment, enhancing railway safety and modernization.
The KAVACH system, an advanced train protection mechanism, is a crucial technology for improving railway safety standards. This project will significantly bolster Kernex Microsystems’ presence in the railway infrastructure sector.
The contract award aligns with SEBI’s regulations and compliance requirements, ensuring transparency in the company’s operations. The project marks a major milestone for Kernex Microsystems, highlighting its role in the modernization of India’s railways.
Recent news About Kernex Microsystems (India):
Kernex Microsystems (India) has reported a surge in revenue due to expansion in the railway safety sector. The company secured contracts for automated signaling and train protection systems, enhancing its position in the market.
Ace investor holding of Kernex Microsystems (India):
Neeta Hemant Ashar holds 2.39% of Kernex Microsystems (India) with 4,00,000 shares valued at ₹45.5 crore, reflecting a slight decline of 0.05% from the previous quarter. Her holding signifies confidence in the company’s growth prospects and future potential in the railway sector.
Vanaja Sundar Iyer holds a 1.79% stake in Kernex Microsystems (India) with 3,00,000 shares worth ₹34.1 crore. Her holding has remained unchanged from the previous quarter, indicating steady support for the company’s future in the railway safety and modernization market.
Stock performance of Kernex Microsystems (India) for Period of 1 week, 6 months and 1 year:
Kernex Microsystems (India) has seen a 2.49% decline in the past week, reflecting recent market fluctuations. However, the stock has surged by 192% over the last 6 months and delivered an impressive 90.2% return over the past year.
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Shareholding pattern of Kernex Microsystems (India):
All values in % | Sep-24 | Jun-24 | Mar-24 |
Promoters | 29.15 | 29.15 | 29.15 |
FII | 0.49 | 0 | 0.01 |
DII | 0.04 | 0 | 0.01 |
Retail & others | 70.32 | 70.84 | 70.83 |
About Kernex Microsystems (India):
Kernex Microsystems (India) Limited is a leading player in the Indian railway sector, specializing in advanced safety and signaling systems. The company focuses on developing cutting-edge technologies like the KAVACH train protection system to enhance railway safety and modernization.
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.