Heavy Buying in Railway Kavach System Manufacturing Share, Hits Upper Circuit Today: Must-Watch!
The shares of the company have delivered a return of over 450 per cent to its shareholders in just 3 years only.
Incorporated in 1991, Kernex Microsystems manufactures and sells safety systems and software services for railways. KML, an ISO 9001:2015 certified, 100 per cent Export Oriented Unit, provides turnkey electronic systems and technical support. It specializes in anti-collision devices, railway safety, and signal systems, train collision avoidance systems, and automatic level crossing gates. Today the company experienced a significant surge in its share price.
At the start of the day's trading session, the share of Kernex Microsystems opened at Rs 405.40 per share, compared to the previous day's closing figure of Rs 386.10 per share on the BSE. Currently, the shares are at Rs 405.40 per share on the BSE. The stock has reached the upper circuit price limit of 5 per cent, reflecting strong demand in the market with no sellers willing to offer shares, resulting in potential buyers being unable to make purchases, leading to disappointment among buyers. The current market capitalization of Kernex Microsystems stands at Rs 679.43 crore, and the stock has generated an impressive multibagger return of around 452 per cent in the past 3 years.
Financial Performance
As per the Quarterly Results, in the third quarter of FY24, Kernex Microsystems recorded a revenue of Rs 8.57 crore. The operating loss for Q3 FY24 stood at Rs 2.28 crore. The net loss for Q3 FY24 was Rs 3.50 crore. Looking at the annual performance, the company generated a revenue of Rs 2 crore in FY23, compared to Rs 5 crore in FY22. The operating loss for FY23 was Rs 16 crore, with a net loss of Rs 20 crore.
Regarding the shareholding pattern, the promoters own 41.33 per cent of the company and the public or retail investors hold 48.11 per cent.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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