Kernex Microsystems (India) touches roof on receiving LoA from North Central Railways
Kernex Microsystems (India) is currently trading at upper limit of Rs. 855.65, up by 40.70 points or 4.99% from its previous closing of Rs. 814.95 on the BSE.
The scrip opened at Rs. 855.65 and has touched a high and low of Rs. 855.65 and Rs. 839.50 respectively. So far 17525 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1584.00 on 17-Dec-2024 and a 52 week low of Rs. 333.55 on 12-Jun-2024.
Last one week high and low of the scrip stood at Rs. 855.65 and Rs. 764.30 respectively. The current market cap of the company is Rs. 1434.02 crore.
The promoters holding in the company stood at 29.09%, while Institutions and Non-Institutions held 1.95% and 68.96% respectively.
Kernex Microsystems (India) has received a letter of Acceptance (LoA) from North Central Railways, Prayagraj. The letter of acceptance is for provision of KAVACH (Train Collision Avoidance System), along with tower and 4X48 fibre OFC as a backbone on Shuteshwar (INCL) - Dholpur (INCL) section in North Central Railway. The accepted bid cost for the project is Rs 85.14 crore (Including GST at 18%). The completion period is 500 days from the date of LoA.
The total value of the all the Kavach contracts to date (from April 2024 to till date) is Rs 2,470.25 crore.
Kernex Microsystems (India) is an ISO 9001:2000 certified company with expertise in Software, Hardware development and Systems Integration.
