Kernex Microsystems (India) rises as co's JV wins 3.11 billion rupees railway project

Kernex Microsystems (India)

13/06/2025 09:31

** Shares of Kernex Microsystems (India) KMIL.NS up 4.7% to 1298 rupees

** Co, which provides railway system software, gets a letter of acceptance for two projects with a total bid cost of 3.11 bln rupees ($36.1 mln) as part of a joint venture

** Project for train collision avoidance system

** Co has a 60% share in the JV

** Stock set to rise for a fifth straight week

** More than 450,000 shares traded, 2x its 30-day moving avg.

** KMIL trims YTD losses to ~3%

($1 = 86.0440 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)

 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))