Multibagger stock Kernex Microsystems hits 5% upper circuit on ₹2,041 crore order win
Live MintStock Market Today: Kernex Microsystems share price was locked in the 5% upper circuit limit at ₹1,140 per share in the early morning trade on Monday, December 9, following the announcement of a significant order win. In an exchange filing on Friday, the company informed investors that it had secured an order from Chittaranjan Locomotive Works for the supply, installation, testing, and commissioning of 2,500 sets of onboard KAVACH equipment. The company started developing railway safety systems in 1999 and successfully developed and demonstrated a prototype of ACDs to Konkan Railway Corporation Limited and members of the Railway Safety Board, as per the company's website. Adopted as the National ATP system in July 2020, Kavach has been deployed over a 1,465 km route and on 144 locomotives, including Electric Multiple Unit rakes, on the South-Central Railway.