&w=3840&q=100)
Kernex Microsystems locks in 5% upper limit on securing this deal; details
Kernex Microsystems share price: Kernex Microsystems shares were in demand in an overall weak market on Friday, June 13, 2025, with the scrip hitting 5 per cent upper circuit at 1,300.75 per share.
By 2:00 PM, Kernex Microsystems shares continued to remain locked in the 5 per cent upper circuit at 1,300.75 per share. In comparison, BSE Sensex was trading 0.57 per cent lower at 81,225.27 levels.
Why were Kernex Microsystems shares locked in the 5% upper circuit today?
Kernex Microsystems shares were locked in the 5 per cent upper circuit after the company announced that the Kernex Microsystems-VRRC consortium received a Letter of Award (LoA) worth ₹311.03 crore from Southern Railways.
Kernex holds a 60 per cent stake in the joint venture (JV).
The order includes installation of the Kavach (Train Collision Avoidance System) across MAS-GDR, MAS-AJJ, and AJJ-RU sections in the Chennai division for ₹173.11 crore (including 18 per cent GST), to be completed within 730 days.
Additionally, the consortium will provide Kavach along with a tower and 48 Fiber OFC backbone network between Arakkonam and Jolarpettai for ₹137.92 crore, with a project duration of 540 days.
Last week, Western Railways, Ahmedabad, issued a Letter of Acceptance (LoA) to the Kernex Microsystems-KEC consortium for implementing Kavach Version 4.0 (formerly known as Train Collision Avoidance System - TCAS). The project includes setting up a communication backbone using UHF and OFC on the Palanpur–Samakhiyali–Gandhidham section of the Ahmedabad Division. Kernex Microsystems holds a 70 per cent stake in this joint venture. ALSO READ |
About Kernex Microsystems
Kernex Microsystems specialises in the design, development, and turnkey deployment of advanced electronic systems, primarily for the railway sector.
Established in 1991 as a 100 per cent Export Oriented Unit (EOU), the company has built a strong reputation for delivering safety-critical solutions such as level crossing protection systems, anti-collision systems, and train passenger information systems (KTPIS).
With deep expertise in embedded systems, Kernex handles end-to-end development—from hardware and software design to testing and integration. ALSO READ | Gold-linked stocks: Manappuram Fin hits all time high, Muthoot Fin gains
The company operates from a state-of-the-art 2,60,000 sq. ft. facility that supports research, manufacturing, training, and testing. Its product suite includes LxGuard, TrainSHIELD, SAFELx, Sentinex, Casry, KMDAX, and ATRW, catering to diverse railway safety and automation needs.
Kernex Microsystems also offers a wide range of services, including embedded R&D, electronics manufacturing (EMS/CEM), offshore development, and consulting.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
30 minutes ago
- Economic Times
Indices declines 0.7% amid rising oil prices and geopolitical tensions
Live Events Agencies (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Mumbai: India's equity indices ended 0.7% lower on Friday after falling as much as 1.6% earlier in the day after Israel's strikes on Iran raised fears of supply disruption of crude oil and a wider conflict in the Middle East. Brent Crude Futures jumped over 7% to $74.6 per barrel on said the underlying bullish undertone helped the market cut a portion of its losses in Friday's trading session. "Despite the bearish news flows, the decline in the market was limited as benchmark Nifty held the key support level of 24,460 and recovered the losses made in the early trading session," said Akshay Chinchalkar, head of research, Axis NSE Nifty fell 0.7%, or 169.60 points, to finish at 24,718.60. The BSE Sensex moved 0.7%, or 573.38 points, lower at 81,118.60. Both indices declined by over 1% each in the past five trading has launched unprecedented strikes on Iran, targeting its nuclear programme and military leaders. The event sent oil prices soaring on worries that an escalation could disrupt supplies from the oil-rich region. Iran is one of the world's biggest oil producers. Brent crude has surged about 14% in the past two home, the Volatility Index or VIX-the market's fear gauge-gained 7.6% to 15.08 on Friday, indicating traders expect higher risks in the near do not expect a bigger slide unless key support levels of 24,450-24,500 are breached."Till the support levels are intact, any declines are expected to be bought into," said Ruchit Jain, vice president- head, technical research, Motilal Oswal Financial Services . "Nifty is likely to witness time-wise correction and struggle to move above 25,000 to 25,200 levels."The Nifty Mid-cap 150 and the Small-cap 250 indices declined 0.4% each. In the past week, the mid-cap index shed 1.2% while the small-cap index fell 0.44%. Out of the 4,122 shares traded on the BSE, 1,401 advanced, while 2,595 declined. Foreign portfolio investors (FPIs) sold shares worth a net of ₹3,831 crore on Friday. Their domestic counterparts sold shares worth ₹9,394 crore. In June, overseas investors sold shares worth ₹5,079.8 crore.
Time of India
33 minutes ago
- Time of India
Indices declines 0.7% amid rising oil prices and geopolitical tensions
Mumbai: India's equity indices ended 0.7% lower on Friday after falling as much as 1.6% earlier in the day after Israel's strikes on Iran raised fears of supply disruption of crude oil and a wider conflict in the Middle East. Brent Crude Futures jumped over 7% to $74.6 per barrel on Friday. Analysts said the underlying bullish undertone helped the market cut a portion of its losses in Friday's trading session. "Despite the bearish news flows, the decline in the market was limited as benchmark Nifty held the key support level of 24,460 and recovered the losses made in the early trading session," said Akshay Chinchalkar, head of research, Axis Securities. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 23.7% Returns in last 5 years with Shriram Life's ULIP Shriram Life Insurance Undo The NSE Nifty fell 0.7%, or 169.60 points, to finish at 24,718.60. The BSE Sensex moved 0.7%, or 573.38 points, lower at 81,118.60. Both indices declined by over 1% each in the past five trading sessions. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Israel has launched unprecedented strikes on Iran, targeting its nuclear programme and military leaders. The event sent oil prices soaring on worries that an escalation could disrupt supplies from the oil-rich region. Iran is one of the world's biggest oil producers. Brent crude has surged about 14% in the past two days. At home, the Volatility Index or VIX-the market's fear gauge-gained 7.6% to 15.08 on Friday, indicating traders expect higher risks in the near term. Live Events Agencies Analysts do not expect a bigger slide unless key support levels of 24,450-24,500 are breached. "Till the support levels are intact, any declines are expected to be bought into," said Ruchit Jain, vice president- head, technical research, Motilal Oswal Financial Services . "Nifty is likely to witness time-wise correction and struggle to move above 25,000 to 25,200 levels." The Nifty Mid-cap 150 and the Small-cap 250 indices declined 0.4% each. In the past week, the mid-cap index shed 1.2% while the small-cap index fell 0.44%. Out of the 4,122 shares traded on the BSE, 1,401 advanced, while 2,595 declined. Foreign portfolio investors (FPIs) sold shares worth a net of ₹3,831 crore on Friday. Their domestic counterparts sold shares worth ₹9,394 crore. In June, overseas investors sold shares worth ₹5,079.8 crore.
The Print
11 hours ago
- The Print
Rupee ends almost flat against US dollar
At the interbank foreign exchange, the rupee opened at 85.43 against the US dollar and traded in the range of 85.43-85.65 before closing at 85.52, a rise of just one paisa from its previous close. However, a steep fall in the domestic equity markets and a rise in global crude oil prices weighed on sentiments, traders said. Mumbai, Jun 12 (PTI) The rupee rose 1 paisa to close to 85.52 against the US dollar on Thursday due to a weak dollar against major currencies overseas. The local unit had settled at 85.53 on Wednesday. 'The dollar fell on Thursday on further signs that the US president may adopt a softer stance in tariff negotiations and heightened expectations of FED Reserve rate cuts after a softer CPI inflation data yesterday (Wednesday). Trump also said he is willing to extend the July 9 deadline for completing trade talks with countries before higher US tariffs are imposed,' Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.43 per cent at 99.20. A London-bound Air India plane carrying 242 passengers and crew crashed in a residential area minutes after taking off from the Ahmedabad airport on Thursday afternoon. Many people were feared killed. In the domestic equity market, the 30-share BSE Sensex tumbled 823.16 points to settle at 81,691.98, while Nifty fell 253.20 points to 24,888.20. Brent crude, the global oil benchmark, dropped 0.09 per cent to USD 66.81 per barrel in futures trade. Foreign institutional investors (FIIs) offloaded equities worth Rs 3,831.42 crore on a net basis on Thursday, according to exchange data. PTI BAL BAL This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
