My pick- kernex microsystems

kernex microsystems Established in 1991, An expert in GPS applications, Data Communications and System development, headquartered in Hyderabad, India, kernex employs over 300 highly skilled and professional workforce to deliver effective solutions. Expert in Anti collision devices - ACD, with project completed in Indian Railways found the ACD system working satisfactorily over 1750 KMS in NF Railways.

Honorable Railway Minister has announced in Parliament on 26th February, 2008 while presenting the Railway Budget that, the ACD project will be extended to cover entire Indian Railway network in a phased manner and in the next two years, ACD system will be installed and commissioned in Southern, South Central and South Western Railways.

The total amount spent out of the IPO proceeds up to December 31, 2007 is Rs. 3685.21 lacs as against the projected deployment of Rs. 6,384.60 lacs. The balance issue proceeds are placed with the Monitoring Agency. Company is having IPO money.

Provided Bonus shares on October 17, 2007, for every ten shares hold.

A good pick with railway ministry budget announcement, share was ruling at 170/- in last week, today it opened at 200/- A good pick for long term investor with a eye of two to three years.