India's Kernex Microsystems rises after consortium wins order

Kernex Microsystems (India)

28/02/2025 09:44

** Shares of Kernex Microsystems (India) Ltd KMIL.NS rise as much as 5% to 889.70 rupees

** Railway system software provider says a consortium including co gets project for supply, installation, testing, setup of Kavach system on 2 divisions from South Eastern Railway

** Adds, order size of 3.25 bln rupees ($37.2 mln)

** More than 72,000 shares traded as of 3:07 p.m. IST, over their 30-day moving avg of 64,019 shares

** KMIL last up 4.1%, trimming YTD losses to 37%

($1 = 87.3700 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))