Shares of HBL Power and Kernex Microsystems surged on November 28 following Railway Minister Ashwini Vaishnaw's update on the 'Kavach' system deployment. The next phase includes equipping 10,000 locomotives and inviting bids for trackside works covering approximately 15,000 RKm. HBL Power's shares rose 1.62% to Rs 626.4, while Kernex hit an all-time high, locked at a 5% upper circuit at Rs 1,110.75.
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