E Amazings
  • Home
  • Automotive
  • Business
  • CBD
  • Crypto
  • Education
  • Entertainment
  • Fashion
  • Finance
  • Health
  • Home Improvement
  • Law \ Legal
  • News
  • Shopping
  • Sports
  • Technology
  • Travel
  • Need Help?

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

What Closing Costs Do Home Buyers Have?

February 25, 2023

What Is Realtek HD Audio Manager

February 2, 2023

A Basic Guide To Cell Tower Leasing

February 2, 2023
Facebook Twitter Instagram
E Amazings
  • Home
  • Automotive
  • Business
  • CBD
  • Crypto
  • Education
  • Entertainment
  • Fashion
  • Finance
  • Health
  • Home Improvement
  • Law \ Legal
  • News
  • Shopping
  • Sports
  • Technology
  • Travel
  • Need Help?
Facebook Twitter Instagram
E Amazings
You are at:Home»Business»Multibagger stock: This small-cap shipping company shares register over 730% growth in 10 months, do you own it?
Business

Multibagger stock: This small-cap shipping company shares register over 730% growth in 10 months, do you own it?

By August 1, 2022No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter Pinterest WhatsApp Email

[ad_1]

Multibagger stock: This small-cap shipping company – Knowledge Marine & Engineering Works (KMEW) shares touched a new record high of Rs 408 per share on the BSE intraday on Monday. The counter in the last 10 months surged over 730 per cent on the BSE on a positive business outlook. 

The stock after hitting a new high, witnessed selling pressure as it closed over 2 per cent to Rs 397.95 apiece against nearly 1 and 1.5 per cent rise in the S&P BSE Sensex and BSE Smallcap.  

In the last one month, the scrip has jumped 50 per cent, while in six months it has gained over 150 per cent as compared to over 9 per cent rise and nearly 2.5 per cent fall in the S&P BSE Sensex.  

The counter made its market debut on March 22, 2021. The company allotted shares at an issue price of Rs 37 per cent share in the initial public offer (IPO). 

KMEW is at present trading on the BSE SME Platform, which is intended for small and medium-sized companies with high growth potential, under the M group. The platform is open for SMEs whose post-issue paid-up capital has less than or equal to Rs 25 crore. 

Incorporated in 2015, the shipping company has the vision to own and operate marine craft for the government and private players and provides multiple solutions for marine engineering including dredging at various ports, and carrying out repair services of naval and merchant ships among others.  

The company earlier this year in May received a Rs 68 crore contract for a tenure of 12 months by state-owned company Dredging Corporation of India, under the Pradhan Mantri Matsya Sampada Yojana (PMMSY). 

The total book position of KMEW will race past Rs 250 crore mark with this contract. It had an order book of Rs 182 crore at the start of the current financial year 2022-23 (FY23). The company’s market capitalisation stood at Rs 407.34 crore as of August 1, 2022, as per the BSE data. 



[ad_2]

Source link

Related Posts

Air Duct Repair 101: Everything You Need To Know

By Corbin BowenFebruary 2, 2023

Advantage LIC? How Budget Insurance Amendment Bill may benefit the PSU insurance giant

By January 5, 2023

LIC offering multiple benefits on premium payment with co-branded credit cards with Axis Bank: Check features, offer

By January 5, 2023

Foreign universities will need UGC’s nod to set up campuses in India

By January 5, 2023
Add A Comment

Comments are closed.

Our Picks

What Closing Costs Do Home Buyers Have?

By Corbin BowenFebruary 25, 2023

What Is Realtek HD Audio Manager

By Corbin BowenFebruary 2, 2023

A Basic Guide To Cell Tower Leasing

By Corbin BowenFebruary 2, 2023
Recent Posts
  • What Closing Costs Do Home Buyers Have? February 25, 2023
  • What Is Realtek HD Audio Manager February 2, 2023
  • A Basic Guide To Cell Tower Leasing February 2, 2023
  • Air Duct Repair 101: Everything You Need To Know February 2, 2023
  • Advantage LIC? How Budget Insurance Amendment Bill may benefit the PSU insurance giant January 5, 2023
  • The Flight Of The Dremel January 5, 2023
  • LIC offering multiple benefits on premium payment with co-branded credit cards with Axis Bank: Check features, offer January 5, 2023
Archives
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • September 2021
Facebook Twitter Instagram Pinterest TikTok
© 2022 E Amazings - All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.