Railway Stocks: RailTel shares & Kernex Microsystems Ltd (KML) Shares are the two railway stocks which saw a marginal hike in its share price on 23rd August 2024.
The Small-Cap railway company which manufactures and sells safety systems and software services for railways, it is also an ISO-certified, 100 percent export-oriented unit, KML offers turnkey electronic systems and technical support.
Multibagger government company RailTel Corporation of India Ltd registered climbed more than 7% on Friday (23 August). The sharp rise in the stock came after the company announced that it has received a work order worth Rs 52.66 crore from the Uttar Pradesh Police Recruitment and Promotion Board. Railway PSU Stock has given 200% returns to investors in a year.
According to the exchange filing, RailTel has received a contract from Uttar Pradesh Police Recruitment and Promotion Board to provide live CCTV surveillance, Aadhaar-based biometric imputation control services and digital fingerprint and facial recognition services during written examination and DV&PST. This order is Rs 52,66,30,075. This order has to be completed by 31 August 2024.
If we look at the performance of Multibagger Railway PSU stock, the stock has increased by 4% in one week, 6% in two weeks, 14% in 3 months and 21% in 6 months. The multibagger stock has gained more than 40% so far this year and is up 200% in the last 12 months. The stock has risen by more than 420 percent in the last two years. RailTel shares are down 22% from their all-time high of ₹617.80, reached on July 12, 2024. The market cap of Railway PSU is Rs 15,878.43 crore.
KML focuses on anti-collision devices, railway safety, and signal systems, train collision avoidance systems, and automatic level crossing gates.
On 23rd August, the share of Kernex Microsystems Ltd opened at Rs 885 per share, as compared to the previous day’s closing figure of Rs 914.80 per share on the BSE. It closed at Rs 960.50 per share. The stock has hit the upper circuit after the strong demand in the market. The company’s current market capitalization stands at Rs 1609.74 crore, and the stock has generated a multibagger return of over 110 per cent in the past 3 months.
RailTel reported a 25% increase in net profit in the June quarter, which stood at ₹48.67 crore. RailTel’s operating revenue increased by 19% to ₹558 crore in the quarter. At the operational level, EBITDA grew 14.8% to ₹103 crore in the June quarter, compared to ₹90 crore in the year-ago quarter.
In Q1 FY25, Kernex Microsystems Ltd recorded a revenue of Rs 28.68 crore representing a gain of 2888 per cent YoY from Rs 0.96 crore. The operating profit for Q1 FY25 was at Rs 4.85 crore with an operating profit margin of around 16.91 per cent. The net profit for Q1 FY25 was Rs 3.57 crore, representing a 480 percent YoY gain compared to a loss of Rs 0.94 crore. The company generated a revenue of Rs 20 crore in FY24, compared to Rs 4 crore in FY23. The operating loss for FY24 was Rs 21 crore with a net loss of Rs 27 crore.
(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)
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