Archive · 13 Jun 2025
Kernex Microsystems Shares Surge on Railway Contracts, Market Dips
Kernex Microsystems' stock price increased by the maximum allowed amount, even though the overall stock market was down.
This happened because they received approval for two projects from Southern Railways.
These projects are worth over 300 crore rupees, and involve installing a train safety system called Kavach.
Kernex is a major partner in the joint venture for these projects.
The share price has increased by 64% in one month and 246% in one year.
Kernex Microsystems shares surged 5% to hit upper circuit on Friday, June 13, 2025.
Southern Railways issued Letters of Acceptance (LOA) for two projects.
The projects are valued at ₹311.03 crore.
The first project is for the provision of Kavach (Train Collision Avoidance System) in Chennai Division.
Kernex Microsystems is a 60% partner in the Joint Venture for these projects.
- Who
- Kernex Microsystems, Southern Railways.
- What
- Kernex Microsystems shares increased 5% due to railway project contracts.
- When
- Friday, June 13, 2025.
- Where
- Chennai Division, Southern Railway, India
- Why
- Due to Letters of Acceptance (LOA) for railway projects from Southern Railways.
Market Trend
Company Performance
Market Performance
Market Trend
Kernex Microsystems share price increased due to contracts.
Company Performance
The overall market was down.
- Share Price Upper Circuit
- 5%
- Share Price
- ₹1,300.75
- LOA Recipient
- Kernex-VRRC consortium
- Total Project Value
- ₹311.03 crore
- Project Partner Share
- Kernex Microsystems - 60%
- Project Completion Time
- 730/540 days
- Share Price Performance (1 month)
- 64%
- Share Price Performance (1 year)
- 246%
