110 Per cent Return in Just 3 Months: Share of Railway Company Providing Anti-Collision Devices for Indian Railways Hits Upper Circuit With Heavy Volumes!
The company’s shares have delivered a multibagger return of over 1,100 per cent in the past 3 years.
This Small-Cap railway company specializes in manufacturing and selling safety systems and software services for railways. As an ISO-certified, 100 per cent export-oriented unit, KML offers turnkey electronic systems and technical support. The company focuses on anti-collision devices, railway safety, and signal systems, train collision avoidance systems, and automatic level crossing gates.
At the start of the day's trading session, the share of Kernex Microsystems Ltd opened at Rs 885 per share, compared to the previous day's closing figure of Rs 914.80 per share on the BSE. Finally, the shares closed at Rs 960.50 per share. The stock has hit the upper circuit reflecting strong demand in the market. The company's current market capitalization stands at Rs 1609.74 crore, and the stock has generated an impressive multibagger return of over 110 per cent in the past 3 months only.
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As per the Quarterly Results, in Q1 FY25, Kernex Microsystems Ltd recorded a revenue of Rs 28.68 crore representing a gain of 2888 per cent YoY from Rs 0.96 crore. The operating profit for Q1 FY25 stood at Rs 4.85 crore with an operating profit margin of around 16.91 per cent. The net profit for Q1 FY25 was Rs 3.57 crore, representing a 480 per cent YoY gain compared to a loss of Rs 0.94 crore. Looking at the annual performance, the company generated a revenue of Rs 20 crore in FY24, compared to Rs 4 crore in FY23. The operating loss for FY24 was Rs 21 crore with a net loss of Rs 27 crore.
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According to the shareholding pattern of Kernex Microsystems Ltd, promoters own a 29.14 per cent stake, while public investors hold 70.78 per cent. Government holds a 0.06 per cent stake in the company.
Investors must keep this stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.