Shares of Kernex Microsystems hit a 5% upper circuit on 2 January after the company’s JV (joint venture) received an order worth Rs 109.465 crore.

In its regulatory filing, the company said that the joint venture (JV) company VRRC-KERNEX-CE-RVR JV has received an order from the South-Central Railway for Rs 109.465 crore for comprehensive signalling and telecommunication works and for provision of automatic block signalling system in the Vemulapadu – Muddanur section of Guntakal division in the South Central Railway, which has to be executed in a period of 600 days.

In the quarterly report for July-September, the company reported a net loss of Rs 4.54 crore during the quarter under review.

The shares had touched a 52-week high of Rs 706.95 on 8 November 2023 and a 52-week low of Rs 214.70 on 28 March 2023.

The company was established in 1999 and provides services such as software development and the production of safety systems and anti-collision equipment for railroads.

At 3:30 pm, the shares of Kernex Microsystems closed 4.70% higher at Rs 609 on NSE.