Shares of Knowledge Marine & Engineering Works Ltd. continued gains for the second straight session as ace investor Ashish Kacholia raised stakes in the company.
As per the latest shareholding pattern, Kacholia bought 30,000 shares, raising his stake in the company by 0.28% during the June quarter. He currently owns around 2.78% stake in the company, which is worth around ₹32 crore.
With a market cap of around ₹1,300 crore, the small-cap company is in the business of owning, operating and repairing Marine Crafts, and Dredging.
Over a year, the stock has gone up over 300%. However, its recent performance has not been that impressive. Over six months, the stock is down about 11%.
Price Action: Knowledge Marine & Engineering Works’s shares traded about 2.6% higher at ₹1,100 on Friday.
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