India's Kernex Microsystems jumps after JV wins $13 million order

Kernex Microsystems (India)

02/01/2024 05:23

** Shares of Kernex Microsystems (India) Ltd  KMIL.NS  up 4%
at 577.15 rupees
    ** KMIL, which makes railway safety and signalling systems,
said one of its joint ventures received order worth 1.09 bln
rupees ($13 mln)
    ** Over 49,000 shares traded, 2.4x its 30-day avg volume
    ** Stock more than doubled in 2023



($1 = 83.3100 Indian rupees)

 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))