This rail-related stock has zoomed 107% in 5 months; hits 15-year high

Shares of Kernex Microsystems (India) were locked at the 5 per cent upper circuit, at Rs 344, on the BSE on Tuesday. With this, they hit a 15-year high in an otherwise weak market. In the past five months, the stock price of the company has more-than-doubled, zooming 107 per cent on strong business outlook.

Kernex Microsystems is engaged in the manufacture, and sale of safety systems, and software services for railways. The stock was trading at its highest level since October 2007. Moreover, it inched towards its all-time high level of Rs 363, which it had hit on December 20, 2005.

In the past one month, the market price of Kernex Microsystems has appreciated by 28 per cent, as compared to 3.5 per cent decline in the S&P BSE Sensex.