India, July 2 -- Shares of a railway safety and signalling company remained in focus after it confirmed the successful deployment of its Kavach Version 4.0 system across the Tundla-Panki Dham section of North Central Railway, a 207 km stretch that included integration with Hitachi's electronic interlocking systems and clearance through trials on the Kanpur Shatabdi Express, one of the network's premium trains.

With a market capitalization of Rs. 3,931.77 crore, the shares of Kernex Microsystems (India) Limited were trading at Rs. 2,348 per share, up 2.37 percent from its previous closing price of Rs. 2,293.60 apiece. The stock is trading at a P/E of roughly 43.67 times trailing earnings, near its 52-week high of Rs. 2,340.

The rollout c...