India's Kernex Microsystems jumps on 24.6-billion-rupee order win

Kernex Microsystems (India)

16/01/2026 08:48

** Shares of Kernex Microsystems KMIL.NS jump 6% to 1,332.90 rupees

** Railway tech firm said on Thursday it won order worth 24.66 billion rupees ($271.95 million) from Chittaranjan Locomotive Works

** Order for supply, installation, testing and commissioning of on-board Kavach loco equipment sets

** Trading volume at 2.65 mln shares vs 30-day avg of 252,205 shares

** Stock fell about 9.5% in 2025, first annual loss in 4 years

($1 = 90.6800 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))