Kernex Microsystems Share Rises 1.46% After ₹209.8 Cr DFCCIL Order Win

Kernex Microsystems share price is up by 1.46%, or 14.50 points and is currently trading at ₹1,009.00, as of 1:05 PM. The rise in the share price is a result of positive investor sentiment after the company announced that it has received a Letter of Acceptance (LoA) for a project valued at ₹209.82 crore.

The LoA is from Dedicated Freight Corridor Corporation of India Ltd (DFCCIL) for a consortium-led contract. Under the project, Kernex Microsystems will Survey, Design, Supply, Installation, Test and Commission KAVACH (Train Collision Avoidance System). The project also includes commissioning of towers and associated works across 931 km of the Eastern Dedicated Freight Corridor between New Boraki and New Sonnagar.The company is expected to execute the order within 730 days.

The shares of the company opened at ₹981 and till now have traded between a high of ₹1,027.50 and a low of ₹980. The traded value is at ₹2.21 crore with the shares having their 52-week high at ₹1,580, made on December 17, 2024 and 52-week low at ₹621.55, made on March 18, 2025. The company’s P/E ratio is currently at 30.93

Kernex Microsystems is an Indian company that designs and manufactures safety systems and software services for the railway sector. The company is headquartered in Hyderabad and has been listed since 2005 on NSE with ticker symbol KERNEX and on BSE with the code 532686.

REF: https://nsearchives.nseindia.com/corporate/KERNEX_29082025123154_Intimation_LOA.pdf

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations