{"id":113771,"date":"2023-11-16T11:29:06","date_gmt":"2023-11-16T05:59:06","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=113771"},"modified":"2023-11-16T11:29:44","modified_gmt":"2023-11-16T05:59:44","slug":"ashish-kacholia-stock-jumps-9-after-company-receives-loi-for-supply-and-sale-of-dredged-marine-sand","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/ashish-kacholia-stock-jumps-9-after-company-receives-loi-for-supply-and-sale-of-dredged-marine-sand\/","title":{"rendered":"Ashish Kacholia stock jumps 12% after company receives LOI for supply and sale of dredged marine sand\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-254001255\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The share of this small-cap company gained up to 9 percent after the company received a letter of intent (LOI) for the supply and sale of dredged marine sand.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3146512326\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization Rs 1,463.54 crore, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/543273\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Knowledge Marine &amp; Engineer Work Ltd<\/a><\/strong>, On Thursday, the company shares were trading at Rs 1,355 a share, an increase of 6.33 percent from the previous close price.\u00a0<\/p><p>According to the exchange filing, Knowledge Marine &amp; Engineer Work Ltd received a letter of intent (LOI) for the supply and sale of dredged marine sand from Nass Corporation B.S.C of Rs 66.38 Crore, and the contract is to be executed within five years.&nbsp;<\/p><p>Examining the business&#8217;s financials, the company\u2019s revenue increased 230 percent from Rs. 61.11 crores in FY 2021-22 to Rs 201.53 crores in FY 2022-23. Further, During the same period, Net Profit increased by 126 percent from Rs 20.87 crores to Rs 47.2 crores.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1244116171\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Knowledge Marine &amp; Engineer Work Ltd reported return ratios in the recent financial year with a return on equity (ROE) of 52.05 percent and a return on capital employed (ROCE) of 56.67 percent.&nbsp;<\/p><p>Knowledge Marine &amp; Engineer Work Ltd&#8217;s recent shareholding pattern, The Promoters of the company own 67.09 percent while Retail shareholders own a 32.58 percent stake in the company and Foreign Institutional Investors own a 0.33 percent stake.&nbsp;<\/p><p>Knowledge Marine &amp; Engineer Work Ltd&#8217;s company gave a 17.33 percent return in six months and 49.10 percent in a year.&nbsp;<\/p><p>Ace investor Ashish Kacholia holds 3,00,000 shares, i.e. equivalent to 2.78 percent of the company as of the September quarter of 2023.&nbsp;<\/p><p>Knowledge Marine &amp; Engineering Works Ltd is the ownership, chartering, and hiring of marine vessels as well as their manning, operation, and technical maintenance, as well as their repairs and maintenance, as well as those of their marine infrastructure.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By:- Abhishek Singh<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-2871031337\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-3188638895\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The share of this small-cap company gained up to 9 percent after the company received a letter of intent (LOI) for the supply and sale of dredged marine sand.&nbsp; With a market capitalization Rs 1,463.54 crore, Knowledge Marine &amp; Engineer Work Ltd, On Thursday, the company shares were trading at Rs 1,355 a share, an [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":24849,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[11111,14421,11110,948,936],"class_list":["post-113771","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-knowledge-marine-latest-news","tag-knowledge-marine-latest-order","tag-knowledge-marine-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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