Kernex Micro in the limelight

Kernex Micro, another ‘railway’ stock is also on a wild ride, like the rest of the pack, riding high and currently all in the red, taking a break before the run during and after the Budget.

The stock opened higher but soon slipped into the red, currently 5% down at Rs.70.25. As per our Editor, Mr.SP Tulsian, Kernex is seen to be most under-valued railway stock, as it can move past three digits, if allocation for rail safety is made in the Rail Budget today. Company makes Anti Collision Devices to prevent rail accidents, at less than 30% cost of similar imported equipments, as product is an import substitute. He advises one to buy as an investor.