The share price of Kernex Microsystems was locked at 5 percent upper circuit in the opening trade on January 2 after the company's JV received an order of Rs 109.465 crore.
At 9:17am, Kernex Microsystems (India) was quoting Rs 609, up Rs 29, on the BSE.
"The South-Central Railway has awarded an order of Rs 109.465 crore to the joint venture (JV) company VRRC-KERNEX-CE-RVR JV, for comprehensive signalling and telecommunication works for provision of automatic block signalling system in the Vemulapadu - Muddanuru section of Guntakal division in the South Central Railway. The contract is to be executed in 600 days.
Catch all market action in our live blog
The company had reported a net loss of Rs 4.54 crore in the quarter ended September 2023. The share touched a 52-week high of Rs 706.95 and a 52-week low of Rs 214.70 on 08 November, 2023 and 28 March, 2023, respectively. The stock is trading 13.86 percent below its 52-week high and 183.65 percent above its 52-week low.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
