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Kernex Microsystems gains on entering into strategic alliance with MRT Signals

25 May 2015 Evaluate

Kernex Microsystems India is currently trading at Rs. 39.35, up by 1.30 points or 3.42% from its previous closing of Rs. 38.05 on the BSE.

The scrip opened at Rs. 37.75 and has touched a high and low of Rs. 39.35 and Rs. 37.70 respectively. So far 3,310 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 80.00 on 03-Jun-2014 and a 52 week low of Rs. 32.85 on 27-Mar-2015.

Last one week high and low of the scrip stood at Rs. 39.35 and Rs. 35.75 respectively. The current market cap of the company is Rs. 49.00 crore.

The promoters holding in the company stood at 39.70% while Institutions and Non-Institutions held 0.01% and 60.29% respectively.

Kernex Microsystems India has signed a Memorandum of Understanding (MoU) with MRT Signals, 2, Raja Woodmunt Street, Kolkata, to combine their strengths, resources and professional capabilities, to jointly bid and execute projects related to Train Collision Avoidance System (TCAS) and similar safety systems in the future. This MOU stands approved by board of directors meeting held on May 18 2015.

This strategic alliance will help both the companies to bid and execute large size projects, and provide reliable maintenance support to the users. TCAS and similar projects are likely to be taken up in Indian Railways in the immediate future.

Kernex Microsystems India is engaged in the business of manufacturing, installing and maintaining of anti-collision systems as well as conceptualizing, designing, and developing certain railway safety and signal systems for railways.


Kernex Microsystems Share Price

1171.90 23.80 (2.07%)
17-Apr-2026 16:59 View Price Chart
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