3,500 per cent returns: This multibagger small-cap company bags a major contract worth USD 2,199,990 from Myanmar Port Authority!

Ashish Kacholia owns a 2.78 per cent stake in the company.

On August 18, 2023, Knowledge Marine & Engineering Works Limited (KMEW) informed in the exchange filing that the company has received a work order from Myanmar Port Authority. The order involves dredging and maintenance of the Yangon River. The order marks the company’s second contract from Myanmar and the contract is to be executed within a period of six months from 1st October 2023. The order is worth USD 2,199,990.

Knowledge Marine & Engineering Works Limited is primarily engaged in the business of owning, operating, and technical maintenance of marine crafts and maintenance of marine crafts and marine infrastructure and allied works in India.

The company has a multimillion order book from esteemed clients such as the Ministry of External Affairs, Kolkata Port Trust, Visakhapatnam Port Trust, Deendayal Port Trust, Paradip Port Trust, Dredging Corporation of India, and various other ports.

Knowledge Marine & Engineering Works Limited has also delivered multibagger returns to its shareholders in the last two years. During this period, the company’s share price jumped from Rs 46.00 on August 20, 2021, to Rs 1398.50 on August 18, 2023, an increase of about 2900 per cent in two years holding period. While since listing, the stock has gained over 3,500 per cent. Ace investor Ashish Kacholia owns a 2.78 per cent stake in the company.

Investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.