Ashish Kacholia’s multibagger stock received a huge order from the Myanmar Port Authority. The company marks this new achievement as their first independent international contract.
Share prices of Knowledge Marine and Engineering Works Limited spiked 3.2% today. The share opened at Rs. 1,385 on Friday and hit its intra- day high at Rs. 1,430. This multibagger stock has grown 33.36% in the last six months and 170.76% just in a year from Rs. 527 to Rs. 1426.9
Ace Investor Ashish holds a total of 3,00,000 shares amounting to 2.78% out of 73.27% of total promoter holdings.
This morning, KMEW posted a regulatory filing with BSE dated 18th August, 2023 announcing a letter of award received from Myanmar Port Authority. The Authority has awarded Knowledge Marine a sum of US$ 2,199,990 for the crucial task of dredging and enhancing the Yangon River Channel along with its maintenance.
Half yearly financials of Knowledge Marine conclude their revenue plunged by 33.8% from Rs. 117.44 crores in September 22 to Rs. 77.28 in March 23. Net profit spiked by 1.3% where it rose from Rs. 23.14 to Rs. 23.46. The profitability metrics for this stock includes Return of Equity which stands at 47.71% along with Return of Capital Employed at 37.64%.
Knowledge Marine and Engineering Works Limited is a business providing multiple marine engineering solutions. The company focuses mainly on Marine Crafts and Marine Infrastructure where it owns and operates Marine Crafts along with dredging, repair, refits and maintenance of both the Marine craft and infrastructure.
Written by Bhumika Khandelwal
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