India's Kernex Microsystems rises after 20.41-bln-rupee order

Kernex Microsystems (India)

06/12/2024 08:43

** Shares of Kernex Microsystems (India)  KMIL.NS  rise to
an exchange-allowed maximum of 5% to 1,137.90 rupees
    ** The railway safety systems maker got order worth 20.41
bln rupees ($241.1 mln) from Chittaranjan Locomotive Works for
2,500 sets on-board KAVACH equipment
    ** KAVACH is a train collision avoidance system, also
referred to as automatic train protection systems
    ** Trading volumes at 260,047, 1.3x 30-day average
    ** KMIL up ~97% YTD
    
($1 = 84.6430 Indian rupees)

 (Reporting by Vijay Malkar)
 ((VijayDattaram.Malkar@thomsonreuters.com;))