Kernex Microsystems Share Price Update

Market Performance

Shares of Kernex Microsystems India, a company specializing in railway safety systems and software services, reached ₹855.55 on April 2, marking the second consecutive session locked in the 5% upper circuit.

Recent Developments

The company recently secured a contract valued at ₹85 crore from North Central Railways for installing the Kavach Train Collision Avoidance System. This order was confirmed through an exchange filing, where Kernex, as part of a consortium, received a Letter of Acceptance (LOA) for the project covering the Shuteshwar (Incl.)–Dholpur (Incl.) section.

In addition, Kernex Microsystems had previously obtained a ₹325.33 crore order in February from South Eastern Railways for the supply, installation, testing, and commissioning of the Kavach system for train sets. The company has consistently secured contracts for railway safety projects as part of the ongoing efforts to enhance railway infrastructure and safety in India.

Stock Performance Over the Years

The stock has experienced significant fluctuations. After reaching a peak of ₹1,584 per share in December, it saw a 45% decline. However, the stock remains substantially higher compared to previous years, showing a 250% increase over two years, a 471% rise over three years, and an astonishing 6,243% growth over five years. Between February 2021 and December 2024, the stock surged from ₹29 per share to ₹1,584, reflecting a remarkable 5,362% return.

About the Company

Kernex Microsystems specializes in railway safety solutions, including anti-collision devices and software services. The company began its journey in 1999 by developing and demonstrating Anti-Collision Devices (ACDs) for Konkan Railway Corporation Limited and Railway Safety Board members.

Summary

Kernex Microsystems continues to expand its presence in the railway safety sector by securing significant contracts, particularly for the Kavach Train Collision Avoidance System. Despite fluctuations in stock performance, the company has demonstrated long-term growth and remains actively involved in railway infrastructure enhancement projects.