Kernex JV Wins $36M Railway Project, Shares Up 4.7%

  Published 11 months ago

Kernex shares rise 4.7%, as 60%, held JV secures 3.11 bln rupee train collision avoidance project, boosting stock for the fifth week.

  • Joint venture wins $36.1 million railway contract for train collision avoidance system, driving share gains.
  • 60% stake in project elevates Kernex's market position, with 450,000 shares traded, double 30-day average.
  • Stock climbs 4.7% to 1,298 rupees, trimming year, to, date losses to 3% amid strong trading volume.

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