Railway Stock with 200 Per cent Multibagger Returns in Just 6 Months: Anti-Collision Device Manufacturer Bags Order Worth Rs 2,041.40 Crore – Both FIIs and DIIs Purchase Stake
The company’s shares have delivered a multibagger return of over 5,150 per cent in the past 5 years.
Chittaranjan Locomotive Works has awarded a significant contract valued at Rs 2,041.40 crore for the supply, installation, testing, and commissioning of 2,500 sets of onboard KAVACH equipment. The project, which includes a comprehensive scope of supply and services, is scheduled for completion by December 5, 2025.
At the start of the day's trading session, the stock of Kernex Microsystems Ltd opened at Rs 1125 per share, compared to the previous day's closing figure of Rs 1085.90 per share on the BSE. Currently, the shares are at Rs 1140.15 per share. The stock has hit the upper circuit, reflecting strong demand in the market. The company's current market capitalization stands at Rs 1910.83 crore, and the stock has generated an impressive multibagger return of around 200 per cent in the past 6 months only.
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As per the Quarterly Results, in Q2 FY25, Kernex Microsystems Ltd recorded a revenue of Rs 41.22 crore representing a gain of 2,823 per cent YoY from Rs 1.41 crore. The operating profit for Q2 FY25 stood at Rs 10.25 crore with an operating profit margin of around 24.87 per cent. The net profit for Q2 FY25 was Rs 6.82 crore compared to a loss of Rs 4.53 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.
According to the shareholding pattern of Kernex Microsystems Ltd, promoters own a 29.14 per cent stake, while public investors hold 70.26 per cent. Government holds a 0.04 per cent stake in the company. Both the FIIs and DIIs have purchased a stake in the company in the recent quarter. FIIs and DIIs have purchased around 0.49 per cent and 0.04 per cent stakes respectively.
Disclaimer: The article is for informational purposes only and not investment advice.