This railway company just won an order greater than its market capitalisation – CNBC TV18

Shares of Kernex Microsystems Ltd. are locked in an upper circuit of 5% on Friday, December 6, after the company received an order from the Indian Railways.

In an exchange filing, Kernex Microsystems said that it has been awarded an order for the supply, installation, testing and commissioning of 2,500 sets of on-board KAVACH equipment from Chittaranjan Locomotive Works.

These sets are supposed to be delivered over the next 12 months, which is by December 5, 2025.

Currently, the size of the order is ₹2,041.4 crore.

The order size is higher than the current market capitalisation of the company, which stands at around ₹1,900 crore.

Recently, a CG Power unit, G.G. Tronics, was also awarded an order from Chittaranjan Locomotive Works.

Shares of Kernex Microsystems are locked in a 5% upper circuit at ₹1,137.9. The stock has nearly doubled in value so far in 2024, having risen 95%.