Rs 35,10,00,000 total order from Integral Coach Factory: This multibagger company bags an order worth Rs 8.26 crore in Chennai

The stock gave multibagger returns of 125 per cent in just 1 year, 1,150 per cent in 3 years and a whopping 2,000 per cent in 5 years.

Kernex Microsystems (India) Ltd secured an additional order worth Rs 8.26 crore from Integral Coach Factory (ICF), Chennai, for supplying, installing, and commissioning twelve Train Collision Avoidance Systems (TCAS) (KAVACH). This expands upon a previous purchase order from ICF dated August 1, 2022, bringing the total contract value to Rs.35.10 crore. As a domestic company, Kernex will deliver these 12 additional TCAS (KAVACH) systems by August 31, 2024.

On Friday, shares of Kernex Microsystems (India) Ltd surged 2.23 per cent to Rs 556.20 per share from its previous closing of Rs 544.05 per share. The stock’s 52-week high is Rs 718 while its 52-week low is Rs 243.90.  

Kernex Microsystems (India) Ltd manufactures, installs, and maintains anti-collision devices, and conceptualises, designs, and develops railway safety and signal systems. The company has a market cap of over Rs 900 crore. According to the shareholding of the company, the promoters own 29.15 per cent stake, FIIs own 0.01 per cent stake, DIIs own 0.01 per cent stake, the Government own 0.06 per cent stake and the rest of the stake is owned by the public i.e., 70.77 per cent.

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In its Quarterly Results (Q3FY24), the company reported net sales of Rs 8.57 crore and a net loss of Rs 3.50 crore and in its annual results (FY23), the company reported net sales of Rs 4 crore and a net loss of Rs 20 crore.

The stock gave multibagger returns of 125 per cent in just 1 year, 1,150 per cent in 3 years and a whopping 2,000 per cent in 5 years. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.