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HBL Power Systems jumped 4.71% to Rs 126.65. Kernex Microsystems (India) hit an upper limit of 5% at Rs 312.40. Both the shares have risen over 20% in five consecutive sessions.
The NIfty 50 index was down 21.70 points, or 0.12% at 18,572.15.
Kavach, an Indian-made system developed by the Research Design and Standards Organisation (RDSO) of Indian Railways in collaboration with Kernex, HBL Power, and Medha Servo Drives, uses automatic train protection (ATP) technology to prevent train collisions.
India's deadliest railway crash in over 20 years occurred on 2 June 2023, near Balasore, Odisha. Two passenger trains collided after a goods train had already crashed, resulting in at least 294 deaths and over 1,175 injuries. The railway authorities had been warned twice in the six months prior about the lack of an anti-collision signaling system and other deficiencies that contributed to the derailment.
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