Shares of Kernex Microsystems (NSE:India Limited) last traded at 22.3, representing a move of 0.9%, or 0.2 per share, on volume of 238 shares. After opening the trading day at 23.05, shares of Kernex Microsystems traded in a close range. Kernex Microsystems currently has a total float of 12.72 million shares and on average sees 5,250 shares exchange hands each day. The stock now has a 52-week low of 18.7 and high of 42.6.
BSE & NSE: Driving Indian Economy
The Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE), the two primary stock exchanges in India representing 4% of the national gross domestic product (GDP), are among the world’s fastest growing and highly anticipated stock exchanges. This indicates that India is a thriving nation that will soon become one of Asia’s best assets.
The 1st Asian Stock Exchange
Established in 1875, the BSE is the first ever stock exchange in India and in Asia. In India, it is the first entity to acquire permanent acknowledgement under the Securities Contract Regulation Act of 1956.
More than a hundred years following its foundation, the BSE is now recognized as the 11th largest stock exchange in the world. The BSE has a market valuation of $1.70 trillion as of January 23, 2015. Moreover, it is also one of the fastest stock exchanges in the world, boasting with a six-microsecond speed.
Measuring the 30 most active stocks on the BSE is the SENSEX 30, which has a base value of 100 with its base date being 1978 to 1979. Companies are tracked based on certain factors such as depth, liquidity, market capitalization, among others.
On July 25, 1990, the BSE first recorded a four-digit figure. When the Bhartiya Janta Party won in the General Elections, the BSE first recorded a 5,000 figure on October 11, 1999. On February 6, 2006, it first recorded a 10,000 figure. On December 11, 2007, it first recorded a 20,000 figure. On March 4, 2015, it first recorded a 30,000 figure.
However, the BSE is not all about those feats. Like any other stock exchanges, it also had its worst days.
In January 2008, the BSE had recorded its biggest fall, losing over 2,000 points in just two consecutive sessions. In August 2015, it had also recorded a huge one-day decline, dropping more than 1,700 points after the Chinese equity market had fallen almost 9%. China is the biggest Asian economy, which is why all Asian markets also suffered from its own downturn. Kernex Microsystems is a stock traded on the Indian stock exchange.
The 1st Electronic Indian Stock Exchange
Founded in 1992, the NSE also takes pride in being a ‘first” it is the first stock exchange in India with electronic capabilities. Currently, Indian Index Services and Products (IISP) own and operate it, supporting roughly 230,000 terminals throughout the country.
Weighing the 50 most active stocks on the NSE is the NIFTY, which has a base value of 1,000 with its base date being 1995. Like BSE stocks, NSE stocks are also measured based on different factors such as market capitalization. Kernex Microsystems has relatively good liquidity.
The NIFTY represents a broader aspect of the corporate sector of India than the SENSEX 30. Regardless, both indices are reliable indicators of the whole Indian economy and national growth prospects as well.
The Asian economy is full of promising potentials. With India being one of the drivers pushing it to the global footprint, it is only reasonable to invest in BSE and NSE stocks today. Professional analysts might be interested how this will affect Kernex Microsystems.
More notable recent Kernex Microsystems (NSE:India Limited) news were published by: Economictimes.Indiatimes.com which released: “Share market update: Over 45 stocks touch their 52-week lows on NSE – Economic Times” on August 23, 2018, also Economictimes.Indiatimes.com with their article: “Handpicked just for you: 20 stocks that should get push from Union Budget 2017 – Economic Times” published on January 30, 2017, Economictimes.Indiatimes.com published: “Sixteen stocks in focus on Wednesday, 1 February 2017 – Economic Times” on February 01, 2017. More interesting news about Kernex Microsystems (NSE:India Limited) were released by: Economictimes.Indiatimes.com and their article: “Railway vendor stocks like Kalindee, Titagarh Wagons, Texmaco, back in limelight as budget nears – Economic Times” published on November 26, 2015 as well as Economictimes.Indiatimes.com‘s news article titled: “Railway stocks soar up to 40% since Budget, 240% since Prabhu took reins – Economic Times” with publication date: September 07, 2016.
Kernex Microsystems Limited engages in conceptualizing, designing, developing, manufacturing, installing, and maintaining of level crossing protection systems and anti-collision systems for railroad sector in India and internationally. The company has market cap of INR283.70 million. It provides LxGuard, a level crossing protection system; TrainSHIELD, a train collision avoidance system; SAFELx, a train actuated warning device; SENTINEX, a level crossing warning system; CASRY, a collision avoidance system for yards and terminals; KMDAX, a multi section digital axle counting system; ACD, anti-collision device; ATRW, an automatic timing (recording) device for railway wagons; KTPIS, a train passenger information system; and BCPS2440, a battery charger cum power supply product. It currently has negative earnings. The firm also provides product development, electronic product design, embedded software design, electronic manufacturing, ESS testing, offshore development, quality control, and training services.